Hello,
I've been trading for a year. I've yet to break even with commodity trading.
When I receive a digital contract for MCX trades, I see additional levies such as:
Service Tax
Stamp Duty
Education Cess
Higher Education Cess
I had been thinking that the broker automatically deducts taxes for the trades but after receiving a NCDEX contract, I see no additional levies in the contract.
Do I have to pay service tax, stamp duty, education Cess and Higher Education Cess or does my broker take care of it for me?
I had assumed that MCX additional levies were paid for but I am not sure now.
I have not had experience dealing with tax matters.
I've been trading for a year. I've yet to break even with commodity trading.
When I receive a digital contract for MCX trades, I see additional levies such as:
Service Tax
Stamp Duty
Education Cess
Higher Education Cess
I had been thinking that the broker automatically deducts taxes for the trades but after receiving a NCDEX contract, I see no additional levies in the contract.
Do I have to pay service tax, stamp duty, education Cess and Higher Education Cess or does my broker take care of it for me?
I had assumed that MCX additional levies were paid for but I am not sure now.
I have not had experience dealing with tax matters.