17 Dec , 2021 By : monika singh
The finance ministry Thursday clarified that any transaction of securities in physical form, which are not through stock exchanges or depositories, would be subjected to stamp duty and the onus of payment will be on the issuing company to pay the duty to the central government.
It further clarified that there will be no stamp duty when mutual fund houses create a segregated portfolio. Fund houses create such a portfolio when there is a default.
These clarification will ensure that all transactions in securities either equities, bonds, mutual funds by listed or unlisted companies whether off-market are uniformly treated for the purpose of the stamp duty.
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