Hello Seniors,
Here is another novice question
Terms given
For Intra-day Trades :-
0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.
For Delivery Based Trades :-
0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.
Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and minimum brokerage of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-
NOTE: Minimum brokerage of Rs. 16/- will be applicable only on SELL Delivery Transactions.
Suppose buy a scrip of Rs 50 for Rs100,0000( 20000 shares) sell it for Rs 75
I receive RS15,00,000, My profits are Rs 5,00,000
Can you please tell how the above % of tax & commissions are calculated and what amount is owed in incometax?
Please provide the actual calculation and oblige me.
Best Regards,
Here is another novice question
Terms given
For Intra-day Trades :-
0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.
For Delivery Based Trades :-
0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.
Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and minimum brokerage of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-
NOTE: Minimum brokerage of Rs. 16/- will be applicable only on SELL Delivery Transactions.
Suppose buy a scrip of Rs 50 for Rs100,0000( 20000 shares) sell it for Rs 75
I receive RS15,00,000, My profits are Rs 5,00,000
Can you please tell how the above % of tax & commissions are calculated and what amount is owed in incometax?
Please provide the actual calculation and oblige me.
Best Regards,