Stamp duty liability apportioned for securities: buyer on exchange sales, seller off exchange, transferor or issuer as specified. Amendments delete certain entries from clause (a), expand clause (e) by adding "including swap," omit "and" in clause (f), and insert provisions ... Summary
Stamp duty liability apportioned for securities: buyer on exchange sales, seller off exchange, transferor or issuer as specified.
Amendments delete certain entries from clause (a), expand clause (e) by adding "including swap," omit "and" in clause (f), and insert provisions allocating stamp duty liability: buyer for sales through a stock exchange; seller for sales otherwise; transferor for transfers through or outside a depository; issuer for issues; and the maker/drawer/executor for any other instrument.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.