Dear All,
I am investor based in Tamil Nadu. I deal in share transactions and have been receiving digital contracts from my broker. I want to know whether the digital contracts are covered under Indian Stamp Act 1899. Further, my broker has informed me that i have been debited Stamp Duty as per Artilcle 5 of Indian Stamp Act but my contention is that I should be charged as per Article 43 of Indian Stamp Act since it involves sending contract notes by broker to its principal (ie me) intimating buy or sell in my account (principal). Can anybody clarify which article is applicable in this case
