Stamp duty is charged uniformly irrespective of the state of residence effective from July 1st, 2020. These new rates are only on the buy-side (and not on both buy and sell-side). Here are the new rates on stamp duty on different types of trades:
Type of trade New stamp duty rate
Delivery equity trades 0.015% or Rs 1500 per crore on buy-side
Intraday equity trades 0.003% or Rs 300 per crore on buy-side
Futures (equity and commodity) 0.002% or Rs 200 per crore on buy-side
Options (equity and commodity) 0.003% or Rs 300 per crore on buy-side
Currency 0.0001% or Rs 10 per crore on buy-side
Mutual funds 0.005% or Rs 500 per crore on buy-side
Bonds 0.0001% or Rs 10 per crore on buy-side
Transfer of Securities Stamp Duty Rate
Transfer and re-issue of debentures 0.0001% (10 per crore)
Transfer of security on delivery basis (other than debenture) 0.015% (1500 per crore)
Transfer of security on non delivery basis (other than debenture) 0.003% (300 per crore)

Major Benefits of Unified Stamp Duty

•A unified rate will make it a level playing field When comes to Equity delivery trades stamp duty is now payable only by the buyers. Investors selling stocks won’t need to pay stamp duty. In the past, stamp duty had to be paid by both the buyers and sellers.

•The stamp duty rate for currency and interest rate derivatives has been reduced from 200 per 1 crore to 10 per 1 crore.