Security (other than debenture):
a) Issue of security other than debenture - 0.005% (currently the issuance is charged as per State schedule, which is generally @0.1%),
b) transfer of security other than debenture on delivery basis - 0.015% ,
c) Transfer of security (other than debenture) on non delivery basis - 0.003%,
d) other derivatives - 0.002%
e) Govt. Securities- 0%,
f) Repo on Corporate Bonds- 0.00001%.
Transfer of securities in demat form between beneficial owners was earlier exempted from stamp duty provisions under section 8A(c)(ii) & (iii) of the Act. The same has now been deleted and the exemption is only limited to transfer of securities from a person to a depository or from a depository to a beneficial owner. The rates proposed for stamp duty on transfer of securities are as follows:
a)Transfer and re-issue of debentures - 0.0001%
b)Transfer of security (other than debenture) on delivery basis - 0.015%
Adhesive stamps will continue