Govt to evolve market friendly stamp duty structure
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The government is working on a uniform stamp duty structure for transactions in the capital on commodity markets. Finance ministry sources said in New Delhi that Department of Economic Affairs and Department of Revenue are in consultation to evolve a market friendly stamp duty structure.
The Centre will also persuade the states to modify and make their stamp duty structure uniform, the sources said. At present, different stamp duty rates are imposed on transaction of securities, futures, delivery and other instruments in the share market and commodity exchanges.
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