!!! Traderji Please Guide!!!

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  #1  
Old 27th January 2006, 09:46 AM
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Default !!! Traderji Please Guide!!!



!!! TRADERJI PLEASE GUIDE!!!

On intraday trades, other than Security Transaction Tax and Service Tax my Broker is charging me something called Turnover Tax at 0.018% on buy and sell and 0.002% of Stamp Duty on Buy and Sell.

I am not sure if these taxes exist at all for intraday and derivative trades.

!!! SOMEBODY PLEASE TELL ME IF THESE TAXES EXISTS FOR INTRADAY AND DERIVATIVE TRADING......... AND WHERE CAN I FIND THE CORRECT VALUES FOR THESE TAXES !!!!

THANKS
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Old 27th January 2006, 09:55 AM
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Default Re: !!! Traderji Please Guide!!!

Quote:
Originally Posted by Surendra Upadhyay
!!! TRADERJI PLEASE GUIDE!!!

On intraday trades, other than Security Transaction Tax and Service Tax my Broker is charging me something called Turnover Tax at 0.018% on buy and sell and 0.002% of Stamp Duty on Buy and Sell.

I am not sure if these taxes exist at all for intraday and derivative trades.

!!! SOMEBODY PLEASE TELL ME IF THESE TAXES EXISTS FOR INTRADAY AND DERIVATIVE TRADING......... AND WHERE CAN I FIND THE CORRECT VALUES FOR THESE TAXES !!!!

THANKS
YES turnover tax and stamp duty have to be paid by all traders. Some brokers include it in their brokerage and some brokers add it seperately in their bill.

Looks like your broker is showing it seperately in yor bill.
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  #3  
Old 27th January 2006, 10:11 AM
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Default Re: !!! Traderji Please Guide!!!

Thanks much Traderji...... that clears my doubt.

Regards
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