Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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The good thing about Stamp duty in Karnataka is that the max stamp duty per day is Rs 50 .... Unlike other states where stamp duty is anywhere from Rs 200/cr to Rs 1000/cr... If you trade only 1 lot of the whole day, the stamp duty would be a big component...
For 1 lot of futures(buying 1 lot selling 1lot):
Brokerage would be Rs 40(20+20), STT around Rs 50, Transaction: around Rs 30, Service tax: around: Rs 7 , Stamp duty: Rs 50(max per day)...
But if you trade 1 lot multiple times, the stamp duty will not increase.. So, if you are trading 1 lot 3 times a day, the effective rate for doing 1 lot of nifty will come down to Rs 135 including all charges....
If you are trading multiple lots at a time the breakeven points would be much lesser... For 2 lots breakeven 2.5pnts, 3 lots 2.2pnts, 5 lots 1.97, 10lots 1.78 and so on....
For futures the component that kills active intraday traders has to be STT , STT with us sometimes is 5 times more than actual commissions paid to us for more active intraday traders....
Cheers....
For 1 lot of futures(buying 1 lot selling 1lot):
Brokerage would be Rs 40(20+20), STT around Rs 50, Transaction: around Rs 30, Service tax: around: Rs 7 , Stamp duty: Rs 50(max per day)...
But if you trade 1 lot multiple times, the stamp duty will not increase.. So, if you are trading 1 lot 3 times a day, the effective rate for doing 1 lot of nifty will come down to Rs 135 including all charges....
If you are trading multiple lots at a time the breakeven points would be much lesser... For 2 lots breakeven 2.5pnts, 3 lots 2.2pnts, 5 lots 1.97, 10lots 1.78 and so on....
For futures the component that kills active intraday traders has to be STT , STT with us sometimes is 5 times more than actual commissions paid to us for more active intraday traders....
Cheers....
Is it a myth, that STT is deductible in taxes? One Big CA I know says its not deductible.
I pay a lot of STT in a year.....
I pay a lot of STT in a year.....
Earlier provision was STT was considered as a tax credit....something like Advancd Tax paid or Tax Deducted at Source......so if your tax liability works out to say 2,00,000 and if you had paid Rs 1,50,000 STT you could take that as a credit any pay the balance Rs 50,000 as tax.
Now the STT is considered as allowable expence....so you calculate profits by adding STT back and deduct STT as expence, makes no sense, only paper excercise.....as we get our bills after deduction of STT, it gives no relief to us in tax payments now.
Smart_trade
Now the STT is considered as allowable expence....so you calculate profits by adding STT back and deduct STT as expence, makes no sense, only paper excercise.....as we get our bills after deduction of STT, it gives no relief to us in tax payments now.
Smart_trade
Zerodha,
But I see a diffrence ... there is a change in domain and definetly there are various version related to ISP. I think NOW uses domain servers from various ISPs.. like TATA, BHARTI, BSNL or MTNL ...since I have seen other brokers providing the similar "DOMAIN" versions of NOW 1.5.0.0...I would recomend you to please check at your end for giving right solutions for your customers....just giving feedback since I am FAN of ZERODA :clapping:
see the attached image file of NOW 1.5.0.0 downloaded from ZERODHA web site ...
hxxp://img23.imageshack.us/img23/6290/now1500tatadomain.jpg
But I see a diffrence ... there is a change in domain and definetly there are various version related to ISP. I think NOW uses domain servers from various ISPs.. like TATA, BHARTI, BSNL or MTNL ...since I have seen other brokers providing the similar "DOMAIN" versions of NOW 1.5.0.0...I would recomend you to please check at your end for giving right solutions for your customers....just giving feedback since I am FAN of ZERODA :clapping:
see the attached image file of NOW 1.5.0.0 downloaded from ZERODHA web site ...
hxxp://img23.imageshack.us/img23/6290/now1500tatadomain.jpg
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About the various domains, Data from NSE to all the NOW terminals are carried through cables of either airtel, tata or bsnl and the orders placed by the clients again is carried in teh same cables...... So yes, every point there are 3 different versions of NOW(1each for the 3 providers)....
How do we decide on which one to have on our website? At every point of time we keep talking to NOW team and try figuring out the cables which have the least traffic.... WE put this version on our site... So presently, TATA version has the least traffic on it....
I don't exactly know the technical terms for all of what I wrote, but this is the basic idea...
Cheers...
How do we decide on which one to have on our website? At every point of time we keep talking to NOW team and try figuring out the cables which have the least traffic.... WE put this version on our site... So presently, TATA version has the least traffic on it....
I don't exactly know the technical terms for all of what I wrote, but this is the basic idea...
Cheers...
Zerodha/Sachin
Four questions:
a) For self printed forms is the discount of Rs. 100/- still valid?
b) Is it ok to just sign on all the appropriate places and leave the rest of the info blank. You replied earlier in the thread that it was ok, just want to make sure!
c) Can I send the margin/fund check along with the application?
d) If I am referring my friends & family to Zerodha while I am opening the account with you, will I get the referral fee?
By the way, like the viral marketing approach & highly impressed with the frequency and quality of responses.
Thanks
Nitin
Four questions:
a) For self printed forms is the discount of Rs. 100/- still valid?
b) Is it ok to just sign on all the appropriate places and leave the rest of the info blank. You replied earlier in the thread that it was ok, just want to make sure!
c) Can I send the margin/fund check along with the application?
d) If I am referring my friends & family to Zerodha while I am opening the account with you, will I get the referral fee?
By the way, like the viral marketing approach & highly impressed with the frequency and quality of responses.
Thanks
Nitin
Hi Nitin,
a. Yes discount valid on self printed forms..
b. Yes leave the forms blank, as soon as account is opened we send you a welcome letter, you can crosscheck the details...
c. Yes you can send the send the margin check, but we are trying to encourage all processes which can be done online...Best thing is to have the bank accounts enabled for online transfers..
d. Yes we will definitely pass on the referral fee..
World is going online and everyone is networked. This is the future for all businesses (esp retail oriented ones). The ones who don't adapt are going to miss out for sure.....
Looking forward to have you on board....
Cheers...
Sachin...
a. Yes discount valid on self printed forms..
b. Yes leave the forms blank, as soon as account is opened we send you a welcome letter, you can crosscheck the details...
c. Yes you can send the send the margin check, but we are trying to encourage all processes which can be done online...Best thing is to have the bank accounts enabled for online transfers..
d. Yes we will definitely pass on the referral fee..
World is going online and everyone is networked. This is the future for all businesses (esp retail oriented ones). The ones who don't adapt are going to miss out for sure.....
Looking forward to have you on board....
Cheers...
Sachin...
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