Petition to charge STT & Stamp duty on margin?

@nithin, Traders what do think about filing a petition for futures, for govt to charge STT and Stamp duty based on margin rather than value of the contract, as value of the contract is never essential in Futures, nobody pays that full amount to anybody, it’s just a theoretical value, only margin matters, as if the Margin goes down even broker closes the position, isn’t it right for them to charge them on margin?
Do you think it’s going to work?

5 Likes

Agree to what you are saying.

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