Uniform stamp duty in stock market transactions may soon become reality

Zee Media Bureau

New Delhi: The centre is likely to come out with a uniform and market-friendly stamp duty structure for transactions in the stock and commodities markets soon. The Finance Ministry is coming with a discussion paper on this in two months.

Different stamp duty rates are imposed on transaction of securities, futures, delivery and other instruments in the share market and commodity exchanges.

Since the Stamp Duty is levied by the states, the centre can only persuade them to adopt a structure that would bring about some uniformity in rates across the country.