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
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