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Budget 2019: New Stamp Duty Proposal May Land A Hard Blow To Proprietary Trading
The budget ushered in stamp duty changes for financial instruments and there’s good news and bad.
06 Feb 2019, 02:00 PM IST
The union budget for financial year 2019-20 has ushered in a paradigm shift in how stamp duty is levied on transactions involving financial instruments such as equity shares and derivatives. A shift that may curb avoidance but will also add to trading costs and one that may be debilitating to proprietary trades by brokerages.Currently stamp duty rates on such financial transactions are determined by each state with as many as 20 diff...
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