Stamp duty in stock market

NSE - National Stock Exchange of India Ltd.

BOISL have been authorized by Govt. The procedural guidelines for collection of turnover stamp duty are also attached in Circular No.

Further, BOI Shareholding Ltd. BOISL shall obtain appropriate returns of turnover from brokers residing in Maharashtra and outside Maharashtra state-wise for proper implementation of the above-mentioned order.

BOISL shall furnish this information to General Stamp Office on a monthly basis.

Returns of brokers who do not furnish in such manner shall not be accepted. BOISL is acting on behalf of Govt.

In short, the procedure so far of accepting returns and stamp duty in such manner as submitted by Clearing Members is to be discontinued. The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.

Stamp Duty Circular no.

Why Stamp Duty on Intraday Trading Is Unjustified and Should Be Abolished! - National Views

BOISL would adopt proactive approach and ensure that there is no avoidance of stamp duty when returns are accepted.

Related Links Watch the market live! Equities Stock Watch Charts Map of the Market Get real-time market analyses! Verifying your trades Registering a complaint Getting NSE certification Did You Know The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.