Charges other than Brokerage for Stock Exchange Transactions

[stocknirvana]

Hi members
i have a basic accounting doubt. should we just add the brokerage charge to our purchase price or sum of brokerage plus all other charges like stt,etc. to our purchase price and subtraction of the same for sale price.
Actually I have been adding all expense to my purchase price. someone told me only brokerage needs to be added and nothing else. pls reply. thanks

 

[bhishek bansal]

Hi members
i have a basic accounting doubt. should we just add the brokerage charge to our purchase price or sum of brokerage plus all other charges like stt,etc. to our purchase price and subtraction of the same for sale price.
Actually I have been adding all expense to my purchase price. someone told me only brokerage needs to be added and nothing else. pls reply. thanks

heyy,

first of all brokerage is calculated on the total turnover - turnover * brokerage percentage which your broker is charging from you. your profit will be-
the initial profit you made - brokerage - taxes this will be the actual profit made.

 

[emmabing16]

Charges other than Brokerage for Stock Exchange Transactions

Govt taxes are depend on your volume. There is separate taxes in all segments (NSE CASH, Futures, Options and MCX.

Equity Cash
STT:- Intraday 0.025% of selling value & 0.1 % in delivery on buying and selling value.
Transaction charges: - RS 325/Cr.
Service tax & swacchh Bharat tax: - 14.5% (Brokerage + Transaction charges)
SEBI FEE: - RS 20/Cr.
Stamp Duty:- Its a state tax, Vary from state to state. It is applicable according to your broker's head office is located.

(Taxes in Futures)
STT: - 0.01%
Trasaction charges: - RS 190/Cr.
Service tax & swacchh Bharat tax: - 14.5% (Brokerage + Transaction charges)
SEBI FEE: - RS 20/Cr.
Stamp Duty:- Its a state tax, Vary from state to state. It is applicable according to your broker's head office is located.

(Taxes on Options)
STT: - 0.017% of selling value & 0.125% (where option is exercised)
Tx charges: - RS 5000/Cr of premium.
Service tax & swacchh Bharat tax: - 14.5% (Brokerage + Transaction charges)
SEBI FEE: - RS 20/Cr.
Stamp Duty:- Its a state tax, Vary from state to state. It is applicable according to your broker's head office is located.

Taxes on MCX: -
CTT: - 0.01% of selling value.
Tx charges: - RS 210/Cr.
Service tax & swacchh Bharat tax: - 14.5% (Brokerage + Transaction charges)
SEBI FEE: - RS 20/Cr.
Stamp Duty:- Its a state tax, Vary from state to state. It is applicable according to your broker's head office is located.

Chandigarh has the lowest stamp duty in India. RS 10 in Equity and No stamp duty in MCX.

 

[Aashi]

thanks for summary of taxes