stamp duty

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Pooja Chopda (Querist)
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03 October 2008 Hi,

Is stamp duty levied on commodity broking in the state of Madhya Pradesh. If yes, pls provide me with the rates.

Thanks.

Pooja Chopda

Pooja Chopda (Querist)
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06 October 2008 Hello..pls reply to this query!!!

Asha Kanta Sharma online

Asha Kanta Sharma online

(Expert)
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25 July 2025 Yes, stamp duty is levied on commodity broking transactions in Madhya Pradesh. The applicable rates are as follows:

### 📊 Stamp Duty Rates for Commodity Trading in Madhya Pradesh

* **Commodity Derivatives (CD)**: 0.002% of the transaction value
* **Maximum Daily Cap**: ₹1,000 per day([TradeSmart][1])

These rates are consistent across various segments, including intraday and delivery trades. The maximum daily cap ensures that traders are not overburdened by stamp duty charges on high-frequency transactions. ([TradeSmart][1])

### 🔍 Important Notes

* **Uniformity Across States**: As of 2019, the Indian government has standardized stamp duty rates for securities and commodities trading across states. This means that the rates mentioned above are applicable uniformly across India. ([TradeSmart][1])

* **Collection Mechanism**: Stamp duty is typically collected by the stock exchanges or clearing corporations at the time of trade settlement. Traders should verify with their brokers to ensure compliance.([TradeSmart][1], [reddit.com][2])

* **Legal Framework**: The Indian Stamp Act, 1899, governs stamp duty on securities and commodities transactions. While the Act is central, states have the authority to set specific rates and caps.

If you require further assistance or have specific questions about stamp duty on commodity trading in Madhya Pradesh, feel free to ask!

[1]: https://tradesmartonline.in/help/others/what-are-the-stamp-duty-rates-charged/?utm_source=chatgpt.com "What Are The Stamp Duty Rates Charged? |"
[2]: https://www.reddit.com/r/IndiaInvestments/comments/hgspav?utm_source=chatgpt.com "Is it legal for brokers to charge stamp duty on purchase and sale of demat shares?"

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