Comment on Uniform Stamp Duty from Jan 9th, 2020

basu commented on 07 Jan 2020, 03:33 PM

isn’t it more than 50%? wherein 0.006% was charged on both buy and sell-side. and now its 0.003% only on buy-side.

Assume my turnover is 100000, current stamp duty would be 6rs. considering 50000 as buy and sell value. NO MTM.
and post uniform stamp duty it will be on buy-side which is on 50000, and the stamp duty will be 1.5 rs, and in terms of % it will be 75%
Pls, correct me if I am wrong.
Thanks

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