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Re: Indian Stamps Act(Amendment)Bill,for UNIFORM STAMPDUTY in coming session of Parla

Uniform stamp duty on share trades soon (by month end).

Against the current practice of different stamp duty rates in states on stock market transactions, the finance ministry is planning to propose a uniform rate of 0.003 per cent on futures and options trading. For currency derivatives, it is considering a rate of 0.0001 per cent.
Thats Rs.300 per crore in Stamp Duty alone. Sucks, when compared to the flat Rs.50 we have enjoyed so far. Wonder if all that is set to change.
 
Re: Span Margin

Even that ,We have to calculate so many things to trade if leverages is given by SPAN MARGINS..

We have to check its span ,our account margin ,cost of equity ,percentaging etc etc... Well if they think that leverages are risky they should lower leverages by times like making 10 times by balance to 7 or 6 times of it... Better rounded off things are much easier for traders...
Hope someone will get to this and things are made easy
@praddy510

It is very easy to use your cash for trading in NOW, not much calculation required.

1. Example : If you trade NIFTY regularly, than you know the money required 10 to 11 K for Intraday, and If u have cash 100 K , than u can put order of 8 lots (400), and than modified to 9 lots, if not rejected its mean u can trade 9 lots. It will take 15 sec maximum.

2. Example : If you want to trade in a new scrip, just open Surveillance-RMS Limits View limits ---there is two column Cash Margin avail & margin used---put your order with one lot( qty 1-for cash) than refresh View limits and check, the change in margin used column, for example there is 14 K, its mean the margin required 14 K (off course 14*2.5=35 K for carry over)
 
Re: Indian Stamps Act(Amendment)Bill,for UNIFORM STAMPDUTY in coming session of Parla

Thats Rs.300 per crore in Stamp Duty alone. Sucks, when compared to the flat Rs.50 we have enjoyed so far. Wonder if all that is set to change.
That would be a dampner. as very high transaction costs were offset by stamp duty. If that benefit goes, bkg will be comparable to almost all other brokerages.
Zerodha please comment
 

Zerodha

Well-Known Member
When I try to view contract note I am getting following error - "Error Occurred creating Report Object_1: 006~ASP 0177~Server.CreateObject Failed~80070057"? Is it only for me or it is a common issue?

Also in "Daily Client Margin" statement I see most of my fund is allotted to NSE-EQ. But I only trade NSE-F&O. So is there any way to allocate total fund to NSE-F&O?
@heartshacker - just make sure you're settings on Internet Explorer are as per the 'browser settings' guidelines on the back office homepage. If the problem persists, you know you can always call us or write to us and we'll be happy to help.
About daily margins, don't worry about which segment they are allotted to. You can use the funds available in any segment of NSE for any segment within NSE.
 

Zerodha

Well-Known Member
I am not able to login to NOW exe software. After entering the password, at 25% it freezes. Please help.:confused:

Message window at the bottom showing "Request sent to get clients.....", at this stage i.e. 25% it freezes without further progress.
Send us an email to [email protected] and give us your contact information. One of our executives will call you and assist you.
Here are a few pointers:
1. Make sure your firewall or antivirus is not blocking the Launch NOW program.
2. Make sure you have a decent Internet connection - at least 512 kbps.
3. Make sure your computer time settings are set according to your location.
4. Make sure you've got 'administrative rights' on the computer you're using.

If all else fails, call tech support. ;)
 
Re: Indian Stamps Act(Amendment)Bill,for UNIFORM STAMPDUTY in coming session of Parla

That would be a dampner. as very high transaction costs were offset by stamp duty. If that benefit goes, bkg will be comparable to almost all other brokerages.
Zerodha please comment
Any idea how you plan to handle this issue? because we were always thinking that in spite of very high transaction charges, at least we have flat stam duty. That is now on the way out. By when do you plan to bring down transaction charges, Zerodha?
 

Zerodha

Well-Known Member
Re: Indian Stamps Act(Amendment)Bill,for UNIFORM STAMPDUTY in coming session of Parla

That would be a dampner. as very high transaction costs were offset by stamp duty. If that benefit goes, bkg will be comparable to almost all other brokerages.
Zerodha please comment
It's a classic case of the bad suddenly becoming good. I've heard more about how Stamp Duty kills a small trader than I've heard about how Karnataka's Stamp Duty is a blessing in disguise. @sumosanammain, you are among the small percentage who actually saw the opportunity in having a cap on Stamp Duty.

Nobody has yet come up with a brokerage structure that matches or even compares to ours, so everyone will have to 'try' and compare us with other brokers. We don't make claims that we're better - we just know that we're very different. ;)
 
Re: Indian Stamps Act(Amendment)Bill,for UNIFORM STAMPDUTY in coming session of Parla

It's a classic case of the bad suddenly becoming good. I've heard more about how Stamp Duty kills a small trader than I've heard about how Karnataka's Stamp Duty is a blessing in disguise. @sumosanammain, you are among the small percentage who actually saw the opportunity in having a cap on Stamp Duty.

Nobody has yet come up with a brokerage structure that matches or even compares to ours, so everyone will have to 'try' and compare us with other brokers. We don't make claims that we're better - we just know that we're very different. ;)
I still want that cap to continue... thats what I am saying. But with this new change by the govt, it looks like its about to go. Is it true? I wish they dont disturb this. Lets hope all the state govts fight about it and not reach a consensus. Why does the govt want volumes to dry up... I just cant understand.
 
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