Ctt

[Swapan Das]

I,m an intraday trader of commodity, is any can say about commodity transaction taxes, which is going to imposed by Govt. of India, very soon.

 

[ashu1234]

I,m an intraday trader of commodity, is any can say about commodity transaction taxes, which is going to imposed by Govt. of India, very soon.

Cost of trading on mcx will go up, its already expensive on our exchange to trade high value commodities like gold, and now 100 rs per crore will be charged extra if it becomes active.
Read this article in full.
http://www.thehindubusinessline.com...ransaction-tax-from-june-1/article4733511.ece
Even CEO of MCX is concerned as the business will be moved out of their exchange if it is implemented (it has already started by the way and make me move to other options).

 

[project2in]

Cost of trading on mcx will go up, its already expensive on our exchange to trade high value commodities like gold, and now 100 rs per crore will be charged extra if it becomes active.
Read this article in full.
http://www.thehindubusinessline.com...ransaction-tax-from-june-1/article4733511.ece
Even CEO of MCX is concerned as the business will be moved out of their exchange if it is implemented (it has already started by the way and make me move to other options).

Ashu,
It will be Rs.1,000/- per crore. Not Rs.100.

0.01 % on selling side.

Prakash.

 

[ashu1234]

Ashu,
It will be Rs.1,000/- per crore. Not Rs.100.

0.01 % on selling side.

Prakash.

Yes, right on selling side volume it will mean 1000 per crore.
Or in other words 500 Rs per crore by to make calculation simpler.
Thanks, barring metals, I can trade other things through different channels.

 

[Subhadip]

CTT still not implemented , as far as I know.

 

[ashu1234]

Yups, its yet to be implemented. Once mcx gets notification it will take some time to upgrade system to make amendments but as govt is struggling with
this money thing commodities traders are bound to suffer.