Transaction Tax Turnover Tax Stamp Duty

S

Surendra Upadhyay

New Member
#1
#1
!!! 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:
Traderji

Traderji

Super Moderator
#2
#2
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
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
S Sharing Transactions Taxation – Kindly clarify urgently Taxation Matters 1
S taxation of intraday transaction of salary employee Introductions 0
D Income tax return for F&O transactions Taxation Matters 3
U Commodity Transaction Tax (CTT) what do you guys think about it ? Commodities 15
N Buyers to pay 0.15% turnover tax on all share transactions General Trading & Investing Chat 8

Similar threads