Sta,p duty on stock market transactions
JAIN OM
(Querist) 07 August 2013
This query is : Resolved
Dear All
One of Our client is online stock broking company having its office in Delhi. he Dont have any office other than Delhi. The clients are registered across India. Know teh questions is about applicabality of Stamp Duty, whether we shall collect as per Delhi or respective state where client resides.
Thanks you in Advance
Regards
The Other states are demanding as per the residential status of Customer. If we have any case study on the same can help us. Please provide any ruling if available or any of us have handled similar cases can reply to me at om@taxiq.in
ajay sethi
(Expert) 07 August 2013
transactions are done in delhi . then stamp duty would be as per delhi rates na
R.K Nanda
(Expert) 07 August 2013
delhi stamp act will apply.
JAIN OM
(Querist) 10 August 2013
Dear Sir
We have exactly done the same and paid , but know we have received Notice from Tamilnadu, kerala & Maharastra that we will have to pay in respective states. In that if any one have case study which can help us to udnerstand the resolve the issue.
