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| Discuss Transaction Tax Turnover Tax Stamp Duty at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; !!! TRADERJI PLEASE GUIDE!!! On intraday trades, other than Security Transaction Tax and Service Tax ... |
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#1
12th January 2006, 01:46 PM
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!!! 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 Last edited by Surendra Upadhyay; 24th January 2006 at 08:16 PM. Reason: Doubt not cleared 
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#2
12th January 2006, 04:58 PM
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Re: Turnover Tax
If you are actually referring to Transaction Tax introduced in the last budget then here is the lowdown:
Delivery-based trade in equities = 0.15 per cent (split equally between the buyer and the seller) Day-traders and arbitrageurs = 0.015 per cent Derivative traders = 0.01 per cent
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