Why Different Trading Accounts provider charged Diffrent Stamp Duty Rate on a Same equity trade, For example Indiabulls charged 0. 002% on Escorts shares, where as Zerodha charges 0. 01%, why?

General
1

Is Stamp duty rate depens on Account Provider Address or is depends on Account Holder Address

2

Gaurav, this is a greay area. But all the state governments have now made it clear that it has to be as per the account holders address. So if you are a client trading in Maharashtra the stamp is 0.002% whereas if you are in Karnatka it is 0.01% (but Karnataka gives you a benefit that maximum stamp per contract note is Rs 50). So irrespective of how much you trade, you pay only Rs 50 per day. Check this: http://zerodha.com/charge-list has stamp duty for various states.

1 Like
3

I dont think you will be able to get that benefit, you will be charged according to your state stamp rates. Zerodha should also be updating it very soon.

4

Sir i am living in ghaziabad (U.P.) my permanent address is also the same, as per your ans My Stamp Duty Rate is 0.01% but only zerodha charged that rate, In my Indiabulls contract Note the Rate of duty is 0.002%.( can i get the Benefit of Rs. 50/- per contract note as per U.P. Stamp Act or not because as per the link attached by you the rate of stamp duty in Karnataka & Other States 0.01% - max Rs. 50/day

5

Gaurav from next month (May 1st week), we will start charging all our UP clients as per the UP stamp rate.

6

what is the stamp duty for bihar, Its not here in the link you provided?