Zerodha,
I was analyzing my 60 day challenge for past few months and what i found was brokerage is small. Taxes and turnover charges are more.
I did win the brokerage ,but it doesn't help much. Is there a way to reduce the taxes and turnover charges.
you can keep the brokerage, but do something to reduce the taxes and turnover charges.May be get all other brokers and request the govt to bring down the taxes for trades. It's simply a huge amount and after all this i still will have to pay income taxes.
About turnover charges, i have no idea. If you can do something here, would be great.
Now if you can somehow do something to bring down taxes and turnover charges, you can increase your brokerage to by 50%. I don't mind paying an increase in brokerage for the cost of bringing down taxes & turnover charges.
I m sure even you are getting hurt on the taxes and many others here. so please as a community of traders and brokers, I think we really have to voice this concern to the govt.