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Article: Govt to reduce stamp duty on share transfers.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- March 25, 2008
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Govt to reduce stamp duty on share transfers
New Delhi, Mar 25 (PTI) -- Eyeing the rapid growing capital market in the national capital, Delhi Government has decided to bring down the stamp duty on share transfers at par with the states like Maharashtra, Gujarat and Rajasthan.
While presenting Delhi Budget for 2008-09, Finance Minister AK Walia said, "in order to facilitate growth of capital market transactions, we have decided to bring down the stamp duty on brokers' notes at par with the above mentioned states."
"Consequently, the stamp duty on transfer of capital market instruments such as non-delivery transactions and futures and option ...