Trading, service tax & brokerage charges.

[virtualtsm]

Hi All,


All you experts & Pros, request you all to explain how the service tax is levied on me.

eg: If i have trading capital of 5000

I took shares worth 5000 - I earned profit of Rs. 500.

Let's say my broker charges me 0.050 for Intraday & 0.5 for delivery.

How much tax will be levied on me.

Also, the tax levied will it be applicable on total 5000 or only the brokerage

which the broker is going to charge me.

Regards
Virtualtsm

 

[Smart_trade]

Hi All,


All you experts & Pros, request you all to explain how the service tax is levied on me.

eg: If i have trading capital of 5000

I took shares worth 5000 - I earned profit of Rs. 500.

Let's say my broker charges me 0.050 for Intraday & 0.5 for delivery.

How much tax will be levied on me.

Also, the tax levied will it be applicable on total 5000 or only the brokerage

which the broker is going to charge me.

Regards
Virtualtsm

Service Tax is charged only on brokerage .There will be stamp duty and STT which will be charged on the transaction amount but it is small....

Smart_trade

 

[darkstar]

Hi All,


All you experts & Pros, request you all to explain how the service tax is levied on me.

eg: If i have trading capital of 5000

I took shares worth 5000 - I earned profit of Rs. 500.

Let's say my broker charges me 0.050 for Intraday & 0.5 for delivery.

How much tax will be levied on me.

Also, the tax levied will it be applicable on total 5000 or only the brokerage

which the broker is going to charge me.

Regards
Virtualtsm

hello sir i want to know which brokreg firm u had what exactly they charge pls tell me thanks you

 

[virtualtsm]

Hello,

Currently my account is with India-Bulls.

================================

Also, if you could explain in very basic about the Trading, would highly

appreciate it.

 

[sushant079]

yeah my portfolio is quite ideal to yours virtualtsm....
n brokerage too...
i observed that they charge STT on single side only and service tax on each side
can anyone please tell me what % they charge for these taxes
so that i can calculate actual profit n act accordingly
Regards.....