Circular no.: MCX/INSP/104/2017
April 3, 2017
Rate of Stamp Duty in Karnataka
The Exchange is in receipt of letter No. 67-B/02/12-13 dated April 1, 2017 from office of Inspector General of Registration and Commissioner of Stamps, Government of Karnataka, informing that rate of Broker Turnover duty on transactions of Securities and Commodities are revised w.e.f. 0104-2017 to “Thirty paise for every ten thousand or part thereof on the value of each type of transaction.” In other words, the present rate of stamp duty in Karnataka will be 0.003% without cap on different types of trades/segments. Letter dated April 1, 2017 received from office of Inspector General of Registration and Commissioner of Stamps, Government of Karnataka is enclosed as Annexure 1.
Members are advised to take note of the above and comply with the requirement. C N Upadhyay Vice President (Inspection & Audit) Encl: Annexure 1– Letter dated April 1, 2017 received from office of Inspector General of Registration and Commissioner of Stamps, Government of Karnataka ---------------------------------------------------------------------------------------------------------------------------------Kindly contact Inspection & Audit Team on 022-66494150 or send an email at
[email protected] for further clarification.
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