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).
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
