Hi All,
All you experts & Pros, request you all to explain how the service tax is levied on me.
eg: If i have trading capital of 5000
I took shares worth 5000 - I earned profit of Rs. 500.
Let's say my broker charges me 0.050 for Intraday & 0.5 for delivery.
How much tax will be levied on me.
Also, the tax levied will it be applicable on total 5000 or only the brokerage
which the broker is going to charge me.
Regards
Virtualtsm
All you experts & Pros, request you all to explain how the service tax is levied on me.
eg: If i have trading capital of 5000
I took shares worth 5000 - I earned profit of Rs. 500.
Let's say my broker charges me 0.050 for Intraday & 0.5 for delivery.
How much tax will be levied on me.
Also, the tax levied will it be applicable on total 5000 or only the brokerage
which the broker is going to charge me.
Regards
Virtualtsm