Hi
My name is Venkateswaran from Chennai. I'm new to Commodity Trading World. I heard that people can make good money in Commodity. I opened a Commodity Account with ZERODHA Broker who claims themselves as the lowest brokerage in INDIA.
I know how to make 10 Points Daily in Crude Oil Mega (100) and Crude Oil Mini (10).
I invested Rs.35000 in Commodity ( ZERODHA ).
I place 4 trades and the result was positive for all trades giving me Rs.450 Profit. But the problem is in the Contract Note it displays only Rs.70 profit.
Does it mean broker / Govt Tax + etc is taking Rs.380 ?
And also please answer this question :
=======================
For Example :
I'm Buying Crudeoil @ 3600 and Selling @ 3610 in 1 LOT. My Total gross profit will be Rs.1000. And after detecting all TAX / Contract Note / Brokerage.
Turnover - 721000
Brokerage = 40.00
Total tran charge = 25.96
Service tax = 9.89
CTT = 36.1
SEBI charges = 1.44
Total tax and charges = 113.39
Points to breakeven = 1.13
==================================
Net profit = RS.886.61 (This is without Contract Note )
==================================
Contract Note Charges will be Rs.113.39 as per TAMILNADU
So Rs.886.61 - Rs.113.39 = RS.773.22 will be my total profit ????
Please let me know if I'm right or wrong ?
Thanking you
S.Venkateswaran :thumb:
My name is Venkateswaran from Chennai. I'm new to Commodity Trading World. I heard that people can make good money in Commodity. I opened a Commodity Account with ZERODHA Broker who claims themselves as the lowest brokerage in INDIA.
I know how to make 10 Points Daily in Crude Oil Mega (100) and Crude Oil Mini (10).
I invested Rs.35000 in Commodity ( ZERODHA ).
I place 4 trades and the result was positive for all trades giving me Rs.450 Profit. But the problem is in the Contract Note it displays only Rs.70 profit.
Does it mean broker / Govt Tax + etc is taking Rs.380 ?
And also please answer this question :
=======================
For Example :
I'm Buying Crudeoil @ 3600 and Selling @ 3610 in 1 LOT. My Total gross profit will be Rs.1000. And after detecting all TAX / Contract Note / Brokerage.
Turnover - 721000
Brokerage = 40.00
Total tran charge = 25.96
Service tax = 9.89
CTT = 36.1
SEBI charges = 1.44
Total tax and charges = 113.39
Points to breakeven = 1.13
==================================
Net profit = RS.886.61 (This is without Contract Note )
==================================
Contract Note Charges will be Rs.113.39 as per TAMILNADU
So Rs.886.61 - Rs.113.39 = RS.773.22 will be my total profit ????
Please let me know if I'm right or wrong ?
Thanking you
S.Venkateswaran :thumb: