Tradeplus unlimited trading at Rs 99 p.m

[Tradeplus Online]

I am everyday trading with two other brokers they are charging me just .02 % stamp duty I can post the contract note. As far as I know stamp duty should be same with all the broker, isn't it? that list is clearly fake from where did you get that list ?

Hi mark8tune,
Generally Stamp Duty is levied by respective states as per the Indian Stamp Act 1889,where by each state has modified the schedule to that Act. Certain States also have their own standalone stamp laws. You can even google to find the rates.

 

[Tradeplus Online]

to be honest stamp duty should be not more then R.s 50 for all . where is this stamp duty charge going in whose pocket ..it;s the bogus electronic note so no need to profit from it.

Hi test123,
Earlier it was the practice to affix broker stamp on physical contract notes. However with the introduction of electronic contract notes stamp duty is paid in a consolidated manner in the form of demand draft of electronic transfer by the broker to the state. The states have also amended their stamp act to facilitate payment of stamp duty in electronic form rather than through purchase of broker stamps.

 

[mark8tune]

Then why would I trade with your company when I have to pay 75 times more money as stamp duty than other brokers ?

 

[Tradeplus Online]

Then why would I trade with your company when I have to pay 75 times more money as stamp duty than other brokers ?

Hi mark8tune,
We cannot comment of if some brokers do not charge as per the respective state stamp duty. Like i said you can google the rates. Its available on public domain.

 

[bsrao]

Iam yet to receive your clarification for my post 238

 

[cloudTrader]

Hi mark8tune,
We cannot comment of if some brokers do not charge as per the respective state stamp duty. Like i said you can google the rates. Its available on public domain.

This is right . Some states charge Rs. 30 as maximum capped Stamp duty for a single day while some other states [very few] charge Rs. 1,000 maximum capped.

 

[Tradeplus Online]

Recently I have opened a trading to trade F&O under 99 plan.During trading I observed the following.
1. The position conversion for carried over positions not allowed.
2.In the Back Office reports the P&L report was not reflecting the true picture. Most of the scripts of earlier months was not recorded. The customer care people says it is meant for onlu equity scripts and not for MCX trades. Pl clarify.
3 The Brokerage is charged at 0.01 percent insted of 0.005 percent.

Please clarify.

Hi bsrao,
1. Position conversion for carry forward position is allowed for MCX trading but this feature is not available for equity trading in NOW software.
2. You can use either the P&L report of the Net position report.
3. When your account was documented the rates offered to you was 0.01% and in call verification you have confirmed the brokerage rate of 0.01%. We can now change your rates to 0.005%.

 

[bsrao]

post deleted

 

[cloudTrader]

Hi bsrao,
1. Position conversion for carry forward position is allowed for MCX trading but this feature is not available for equity trading in NOW software.
2. You can use either the P&L report of the Net position report.
3. When your account was documented the rates offered to you was 0.01% and in call verification you have confirmed the brokerage rate of 0.01%. We can now change your rates to 0.005%.

That means if I Sell a CE option in MIS then I will not be able to carry it forward by converting the position to NRML ?

 

[manoj12j78]

dear TPO, can you provide any sample contract note, of any client, for reference.
I checked your site also there is none.

regards
manoj