Blog Caution : Please Recheck , independently from Taxation experts ,all information / interpretation of its effect on Unlisted Shares Transfers
Blog : Govt is imposing one tax after another on the Share Bazaar transactions and investments. Govt. is confiscating ( after 7 years pendendency ) investors' dividends / shares . This is very unfair. Govt. should impose some sort of tax on super Rich Farmers , many of whom own land worth tens of crores .
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Pleaseclick :-
https://economictimes.indiatimes.com/markets/stocks/news/share-transfers-to-turn-costlier-from-january-next-year/articleshow/72483727.cms?from=mdr
Blog : Govt is imposing one tax after another on the Share Bazaar transactions and investments. Govt. is confiscating ( after 7 years pendendency ) investors' dividends / shares . This is very unfair. Govt. should impose some sort of tax on super Rich Farmers , many of whom own land worth tens of crores .
----------------------------
Pleaseclick :-
https://economictimes.indiatimes.com/markets/stocks/news/share-transfers-to-turn-costlier-from-january-next-year/articleshow/72483727.cms?from=mdr
Attention is invited to NSDL circular no. NSDL/POLICY/2020/0002 dated January 6, 2020 and CDSL communique number CDSL/OPS/DP/POLCY/2020/8 dated January 3, 2020 regarding the Central Government notification, for Collection of stamp-duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019 to be levied on Off Market Instructions and Pledge Invocation Instructions compulsorily before transfer/execution of instruction from January 9, 2020.
Accordingly, kindly note that stamp duty needs to be paid upfront for off-market transfers involving consideration and pledge invocation before executing the transaction in NSDL/CDSL system.
Rate of Stamp Duty is specified in schedule I of the Indian Stamp Act, 1899. We may refer to the schedule I for the rates. Rates have been specified for following three categories viz. Debentures, Securities other than debentures & Government Securities. The rate of stamp duty specified for Government Securities is 0%.
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1 comment:
In India , Physically Handicapped pay Income Tax / all other taxes and whereas Rich / Super Rich Farmers do not.
In Punjab all Vote Banks get Free Electricity . But not a single paisa relief to Handicapped Punjabis
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