« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  Tax outgo may squeeze liquidity... Budget clears air on taxation of IT services... » Tax on demat transactions March, 12th 2007 The Kerala Budget on Friday proposed to bring demat transactions under the Stamp Duty Act and required all stock market players to obtain a licence to operate.    On a benchmark of Rs 500 and transaction worth Rs 1 crore, an amount of Rs 50 (0.0005 per cent) will be levied as stamp duty.    For transactions not related to government securities and for which delivery is done, for a benchmark of Rs 250 and worth Rs 10,000, the levy will be Re 1 (0.01 per cent), while for transactions which do not result in delivery, and worth Rs 50,000, the levy will be Re 1 (0.002 per cent).    For futures and options, on a benchmark of Rs 250 and transaction worth Rs 50,000, the stamp duty will be Re 1 (0.002 per cent). These new proposals on stamp duty levy are expected to make the state exchequer richer by Rs 10 crore, the finance minister said.    Reacting to this proposal, V Rajendran, managing director, Capstocks and Securities Ltd, said though this was a small levy, it would be an additional burden on the investor community.    The investor already pays securities and transaction tax, service tax and also transaction charges to the NSE, he added.