Dilip Kumar Mondal
12 April 2012 at 19:25
KARVY STOCK BROKING Ltd. has deducted Stamp Duty charges @ 0.01% on turnover for Intra-day trading of shares, but ICICI Securities Ltd. has deducted @0.002% on same instrument. KARVY explained - it is applicable as per norms of West Bengal Stamp Duty Charges. ICICI Securities explained – rate (0.002%) is applied as per rules of SEBI/NSE. Now, my question is, who is correct and what should be the correct rate? Definitely we should not pay more (as charged by KARVY @0.01% on turn over) when there is provision for lower rate (as charged by ICICI Securities Ltd.@0.002% on turn over).
In this regard I have attached a relevant paper available with me. Here, it is to be mentioned that both broker is registered under NSE/SEBI, and both are in West Bengal, then how the rate for a same instrument could differ from one to other.
May I request you to kindly help me by providing the correct information on the issue mentioned above.
MY QUERY IS RELATED WITH RATE OF STAMP DUTY CHARGE ON EQUITY INTRA-DAY , NOT FOR EQUITY DELIVERY TRADING(Charge for Delivery is @0.01%).
Regards.
DILIP KUMAR MONDAL
P-370/2,BRAJANATHCHAK,
HALDIA, MEDINIPUR(E).
WEST BENGAL.
Mob.No.9434507240
Land No. 03224 264172
Mail. mondaldk2@gmail.com
*** I have some other documents, i.e. Contract Note of my tradings
from both the brokers, W.B. Stamp Duty act, replies from both brokers pertaining to my queries on the issue, but these all could not be attached at a time. However, these could be sent if I asked to do so.
Dilip Kumar Mondal
19 July 2011 at 12:53
Sir, thank you for your guidance on the issue I asked for yesterday(18/07/2011). I understand that the best option for this change of ownership from my sister to my son will be "registered will". So, once again I would request you to let me know the procedure to get it done. If an application Format for such registered will is available at this web site then please help me to select and download it. Further I would request you to let me know, wheather this is to be typed on a stamp paper, if so then the value of the stamp paper, and finaly where it is to be submitted for registration. Present value of this land is around fifty thousands. D.K.Mondal
Dilip Kumar Mondal
18 July 2011 at 15:15
My sister, aged 58 years, never married, living with me throughout life. She is sole and absolute owner of a small piece of land(3.5 dec.)adjacent to my land and within protected premises. She owned this land by purchase in 1992. It is free from any kind of encumbrancement.
Now she is willing and also it is necessary to transfer the ownership of this land from her name to the name of my son,who is the next kin to her.
Kindly guide me for the easiest way to get the job done without being expensive.
D.K.MONDAL
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Rate of stamp duty charge on intra-day equity trading.
KARVY STOCK BROKING Ltd. has deducted Stamp Duty charges @ 0.01% on turnover for Intra-day trading of shares, but ICICI Securities Ltd. has deducted @0.002% on same instrument. KARVY explained - it is applicable as per norms of West Bengal Stamp Duty Charges. ICICI Securities explained – rate (0.002%) is applied as per rules of SEBI/NSE. Now, my question is, who is correct and what should be the correct rate? Definitely we should not pay more (as charged by KARVY @0.01% on turn over) when there is provision for lower rate (as charged by ICICI Securities Ltd.@0.002% on turn over).
In this regard I have attached a .pdf, which has sent by KARVY to me, and referred page no 21 and 22 to justify the rate of stamp duty charge applied by them.So I would request to see kindly the said pages wethear this is applicable or not. Here, it is to be mentioned that both broker is registered under NSE/SEBI, and both are in West Bengal, then how the rate for a same instrument could differ from one to other.
May I request you to kindly help me by providing the correct information on the issue mentioned above.
MY QUERY IS RELATED WITH RATE OF STAMP DUTY CHARGE ON EQUITY INTRA-DAY , NOT FOR EQUITY DELIVERY TRADING(Charge for Delivery is @0.01%).
Regards.
DILIP KUMAR MONDAL
P-370/2,BRAJANATHCHAK,
HALDIA, MEDINIPUR(E).
WEST BENGAL.
Mob.No.9434507240
Land No. 03224 264172
Mail. mondaldk2@gmail.com
*** I have some other documents, i.e. Contract Note of my tradings
from both the brokers, W.B. Stamp Duty act, replies from both brokers pertaining to my queries on the issue, but these all could not be attached at a time. However, these could be sent if I asked to do so.