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| Discuss Taxes charged by Broker at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, This was regarding the taxes (ST, STT, TT and Stamp Duty) my Broker is ... |
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#1
4th January 2006, 09:28 PM
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Taxes charged by Broker
Hi,
This was regarding the taxes (ST, STT, TT and Stamp Duty) my Broker is charging me. I have done a lot of search on internet but havent found a formal site where I could confirm the correct figures. Please help!! either tell me where can I find the correct tax percentage or will be gratefull if following figures could be confirmed. I am being charged a) Sevice Tax of 10.2% of total Brokerage (Looks Ok) b) Stamp Duty of 0.002% on Total Turnover (Looks Ok) c) Turnover Tax of 0.018% on Total Turnover ??? (I dont know what is this) d) Transaction Tax of 0.01% on Total Turnover??? (comes close to STT ie .02% on Sell leg) Thanks, Surendra 
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#2
5th January 2006, 12:14 PM
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Re: Taxes charged by Broker
Hi..
Are you trading shares in physical form ?? Because stamp duty is normally charged for those. I trade through HDFC and I am charged the following : (a). Service tax@10.2% of total Brokerage (b). STT @ 0.1% of the total Deliverable Value The other two you mentioned are not charged.Please check again with your broker. I suggest you call up HDFC Securities in your town and ask them about charges. Regards
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#3
5th January 2006, 08:40 PM
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Re: Taxes charged by Broker
Thanks for the reply......... the taxes I mentioned are for intraday trades.
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