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| Discuss Statutory Levies In Share Trading at the Investors Grieviences within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Please discuss about the Statutory charges/Taxes like SERVICE TAX,STT, STAMPDUTY,TRANSACTION CHARGES/TAX ETC. your broker is ... |
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#1
25th January 2007, 09:35 AM
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Statutory Levies In Share Trading
Please discuss about the Statutory charges/Taxes like SERVICE TAX,STT, STAMPDUTY,TRANSACTION CHARGES/TAX ETC. your broker is charging you against share transaction in Intraday,Delivery and derivative segment which is different for different brokers though it is expected to be same for every broker as thease are Statutory Levies of Central Government
 
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#2
25th January 2007, 10:17 AM
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Re: Statutory Levies In Share Trading
Quote:
Indiabulls is charging me 12.24% ST on brokerage and STT .125% on del trading .025% on Intraday(sale only) in cash market, .017% on FNO segment(sale only) on total trade value StampDuty : .01%of trade value +S.tax(12.24%) on Delivery trading .002% of trade value+ S.tax (12.24%) on intraday trading and FNO segment Transaction Charges/Tax : .006%+ S.tax for every segment. But I have doubt whether Stampduty and Transaction Tax/Charges attaract Service tax Senior members please put a light on it as other renowned brokers like sharekhan do not charge Service Tax on Stampduty and Transaction charges.
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#3
25th January 2007, 10:24 PM
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Re: Statutory Levies In Share Trading
service tax is charged on brokarage only ie (buying and selling)
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