Hi
I am a day trader (sometimes short term) trading with Sharekhan. At the EOD when I review my transactions I get several expenses (taxes) apart from brokerage levied on me. I wonder how they calculate these figures that seem to be coming from nowhere. Offcourse while browsing this forum (and also others) I found out some of them, but still confused if my conclusions are right. Below I list all the heads I find there and also my calculations:-
Service Tax: 12.36% on Brokerage
STT : --no idea--
Stamp Charges: --no idea--
Turn Over Charges: 0.0035% on total Turnover
DP Charges: --no idea--
Edu Cess: 0.025% on brokerage
HEdu Cess: half of Edu Cess
Can any body tell me if I am right about these calculations. Also can somebody guide me on how to calculate the "--no idea--" heads? Please help.
Thanks in advance.
I am a day trader (sometimes short term) trading with Sharekhan. At the EOD when I review my transactions I get several expenses (taxes) apart from brokerage levied on me. I wonder how they calculate these figures that seem to be coming from nowhere. Offcourse while browsing this forum (and also others) I found out some of them, but still confused if my conclusions are right. Below I list all the heads I find there and also my calculations:-
Service Tax: 12.36% on Brokerage
STT : --no idea--
Stamp Charges: --no idea--
Turn Over Charges: 0.0035% on total Turnover
DP Charges: --no idea--
Edu Cess: 0.025% on brokerage
HEdu Cess: half of Edu Cess
Can any body tell me if I am right about these calculations. Also can somebody guide me on how to calculate the "--no idea--" heads? Please help.
Thanks in advance.