Just now got a circular from Zerodha. To quote "Stamp duty for the state of Uttar Pradesh has been revised to 0.05% or maximum Rs. 1000 per day for all segments with immediate effect. "
Just for information it used to be .002% till date. So, has it really been increased by 25 times? It is now 10 times of STT on futures (Counting both Buy and Sell sides) ?
Any Idea if it's a typo or it has really been increased by that much. Needless to say that it makes it virtually impossible to trade in stock markets for UP residents like me.
Update: Zerodha has charged the increased stamp duty (25 Times) in today's contact note itself.
Any other trader from Uttar Pradesh?