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| Discuss Usectrade at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I hold an account in usectrade. I am totally new and want information regarding ... |
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#1
29th April 2008, 12:31 PM
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Usectrade
Hi,
I hold an account in usectrade. I am totally new and want information regarding calculation of brokerage, Service charge and STT amount. Are these charges same for all shares and in all accounts? Or do they vary depending upon the demat account. Eg: Bought 15 shares of XYZ at 660/share Brokerage = 39.60, Service Tax = 4.7520, STT amount = 12 Nett = 9939.6/- Sold 15 shares of XYZ at 699/share Brokerage = 42, Service Tax = 5.04, STT amount = 13 Nett = 10443/- Please let me know how to calculate these charges. Thanks in advance 
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#2
29th April 2008, 01:43 PM
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Re: Usectrade
Your brokerage seems to be 0.4% : 15X660=9900X0.4%=39.60
There is a Service tax @ 12% on the brokerage amount: 39.6X12%=4.752 STT on delivery based transactions is : 0.125% on each buy and sell Your Figure does not match here, it should be morethan Rs.12/- Further you have mentioned the Nett amounts as Buy rate + brokerage only!!!???? The total figure of the Contract shall be Buy+Brokerage+Service Tax + STT, and transaction charges of the exchange. PLease recheckand post details again Best is to contact your broker for all such clarifications. Write to them if they do not reply your verbal query, they are bound to satisfy your enquiry.
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#3
29th April 2008, 02:27 PM
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Re: Usectrade
Hi,
Thx for the reply. I am not very sure about the percentages because it is not the same for all transactions. I have attached excerpts 4m my statement in excel format. Please check and let me know how to calculate brokerage, service tax, STT etc. when buying and selling. Thanks
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#4
29th April 2008, 06:46 PM
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Re: Usectrade
I have tried to give my input, check the attachment....would still say and insist this is the job of your broker who is charging you 0.4% as delivery brokerage....
The sheet1 added by me has the details.... Last edited by rkkarnani; 10th June 2008 at 12:19 AM.
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