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tax rate

We provide one of the best investment and online trading platforms to our clients which runs on all platforms including web, mobile and so on. We have made trading easy to our customers in such a way that our customers can trade anywhere, anytime. As explained above, STT and CTT are levied by the Government of India for generating revenue for regulating security and the commodity market.

Upon any change, the updated Terms of Use will be updated on the Website or any other means. Your continued use of the facilities on this Website constitutes acceptance of the changes and an Agreement to be bound by Terms of Use, as amended. You can review the most current version of the Terms of Use at any time, by clicking the Terms & Conditions link on the Website. No fee of whatsoever nature is to be charged for the use of this Website. All transactions involving the trade of commodities are subject to CTT.

subject to market

The reintroduction of Section 88E will result in increased volumes and could lead to a much larger collection of STT/CTT. I authorize MACM to undertake my KYC online through KRA/Aadhaar/Digi locker based on authentication of opening Trading and Demat account with MACM. I understand that my account would be opened as per name appearing in Income Tax records and the same would be activated after all procedure relating to client due diligence in accordance with regulatory guidelines is completed. If you go for Rs. 999 Demat AMC, you will not be charged AMC ever again. Alternatively, you can choose to pay Rs. 120 at the end of every quarter.

What exactly is STT?

Proponents of the asset light model say that is it potential to get a z-rating greater than three has a big advantage over others as while they grow in this space they do not put any stress on their Balance Sheet. While there are others who feel that bringing the whole value chain inside the company gives you more control over the quality of service and enhances trust. So, time will tell whether it was a brilliant idea or a defensive strategy that did not work out. For the moment, it is too small and nascent in the overall scheme of things to pass any judgment. Note that this is a Balance Sheet extract and not the actual Balance Sheet, which is why the Liability side and asset side are not matching exactly.

  • While agricultural commodities are exempted from CTT, non-agricultural commodities such as gold, silver, and other non-ferrous metals including copper will be taxed.
  • Measuring per unit cost of managing a fund, expense ratio is calculated by dividing the total expenses of a fund by its assets under management .
  • Sebi is examining the nuts and bolts of the ambitious contract that has not yet been launched on a derivatives exchange.
  • You can check about our products and services by visiting our website You can also write to us at , to know more about products and services. – Portugal equities were lower at the close on Friday, as losses in the Industrials, Consumer Services and Consumer Goods sectors propelled shares lower. – Portugal equities were lower at the close on Thursday, as losses in the Technology, Industrials and Financials sectors propelled shares lower. – Portugal equities were lower at the close on Tuesday, as losses in the Telecoms, Utilities and Basic Materials sectors propelled shares lower. – Portugal equities were lower at the close on Thursday, as losses in the Telecoms, Industrials and Utilities sectors propelled shares lower.

Portugal shares lower at close of trade; PSI 20 unchanged

The information provided herein is not to be construed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information. STT applicable on equity-based Mutual Funds is calculated based on the proportion of the unit price of 0.001% on the sale side of the transaction. In its submission, the association has recommended that short-term capital gain should be allowed a tax exemption of up to Rs 1 lakh, which will improve participation in the market and encourage investment. 1) KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Do not trade in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

If you come across any individual or organisation claiming to be part of Enrich Money and providing such services, kindly intimate us immediately. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020. STT Tax on Intraday Trading, Equity Futures & Options, and Equity-oriented Mutual Funds will be charged only on the sell side of the transaction. It sells luxury personal items such as clothing, shoes, bags and accessories via their website.

The stock brokers’ body has asked for the reintroduction of rebate under erstwhile Section 88E for STT and CTT paid. The reintroduction of Section 88E will result in increased volumes and could lead to a much larger collection of STT or CTT. The move will remove unwarranted restrictions, cost of funding and capital requirements for market intermediaries and will help create financial services companies of global scale. Find lowest brokerages, best online trading platforms, stock tips & account opening offers on Value Broking. Find & validate 38 stock brokers in the region of C T T Nagar, Bhopal.

These measures should create a solid foundation for the creation of an integrated national commodity market as they gain greater traction. A wider pan-Indian market for commodities is being formed by eliminating disparate state-specific levies. This is already making it possible for commodities to move almost seamlessly across state lines, creating more effective connections between the spot & derivatives markets. In a move to differentiate the derivatives of the commodities traded in the market, the Government of India introduced Commodity Transaction Tax applicable to all individuals trading in non-farming commodities. For a new-age tech company, that has seen its market cap plummet in the last one and a half years, it is easy to give into the temptation of going for a big acquisition to grab the headlines and anchor the investors towards the possible future growth path.

Portugal shares higher at close of trade; PSI 20 up 1.52%

It is completely legal and they have not defied any rules of accounting or taxation here. I agree to the updated privacy policy and I warrant that I am above 16 years of age. Please ensure you carefully read the risk Disclosure Document as prescribed by SEBI. Please ensure you carefully read the risk Disclosure Document as prescribed by SEBI/FMC. I actually like the theme for the website along with how you organized a person who.


The fraudsters are luring the general public to transfer them money by falsely committing attractive brokerage / investment schemes of share market and/or Mutual Funds and/or personal loan facilities. Though we have filed complaint with police for the safety of your money we request you to not fall prey to such fraudsters. You can check about our products and services by visiting our website You can also write to us at , to know more about products and services. 4) No need to issue cheques by investors while subscribing to IPO.

Till now, the brokers were paying brokerage on the purchase and sale of commodities. However, with the implementation of the commodities transaction tax, there will be an increase in the transaction cost on trading commodities. The Commodity Transaction Tax acts as a burden on traders who are already paying deposit margins, brokerage, transaction charges, and brokerage. The Commodity Transaction Tax is applicable to non-agricultural commodities which includes gold, silver, aluminium and other non-ferrous metals. It also includes energy products like crude oil and natural gas.

“We have taken issues like cost rationalisation in commodities market, reduction of CTT to ₹500 from ₹1,000 per crore and restoration of banned agri commodities,” Narinder Wadhwa of Commodities Participants Association of India told ET. Other demands included separate STT for both cash and derivative options. Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website.

  • If you come across any individual or organisation claiming to be part of Enrich Money and providing such services, kindly intimate us immediately.
  • Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties.
  • It has asked for an industry status for Sebi-registered market intermediaries.
  • Upon such termination You will not be able to use the facilities of this Website.
  • According to Anmi, the I-T Act has several income classifications arising out of capital market transactions.

Carwale and SAMIL today contribute to almost 95% of their revenue. That is why the company has 1000 Cr+ of cash or cash equivalents in its books. Just to be sure, I did not immediately believe the management’s version but checked out the google trends myself. For CTT to grow its business, this number has to consistently increase going forward. So, if you see the numbers stagnating for a few quarters regularly, it should give you a good sense of the stress in the business. If you ask me now what are the key variables I should be tracking to see the performance of both the business groups, I would not just fix my eyes on the final revenue numbers but also a few more variables.

For instance, intraday cash market trading is classified as speculative income but intraday derivative trade is classified as business income. Market participants have suggested to the government creating three broad categories – Business Income, Long Term Capital Gain and Short Term Capital Gain. They believe this will help investors and will also be a step towards ‘ease of doing business’ initiative of the government. Apart from revenue potential, CTT would enable authorities track transactions and manipulative activities that undermine market integrity. Currently, large information gaps exist and a centralized database of money flows is almost nonexistent.

COSCO/CTT deal takes next step – Port Technology International

COSCO/CTT deal takes next step.

Posted: Fri, 06 Jan 2023 08:00:00 GMT [source]

List of share brokers in C T T Nagar from serial number can be found on this page. On the entire sell value of the trade, a 0.05 percent Commodity Transaction Tax Rate on Options will be levied. Both intraday and positional trades have the same CTT Rate for options. Only the whole sell amount of the trade will be subject to the 0.01 percent Security Transaction Tax Levy on Equity Futures. The STT Fee remains the same for intraday and positional futures trading.


Therefore, the search results displayed by the Planner cannot be construed to be entirely accurate / comprehensive. As of now, CTT does not make any money directly from the consumers in their consumer group. They make money from OEMs, dealers, banks, insurance companies, and financial institutions. And in the remarketing group, their earnings are from auction commission & fees, tech-based services & allied services like inspections & valuations. This will give a fillip to investors and share brokers to engage wholeheartedly in share transactions.

The level of uncertainty is far higher in the case of a new wave. This uncertainty about execution, for growth and so many other factors often make the valuation work in your favour. However, large unutilized cash on the books of a public company is like a Tijori . What it basically means is that the market tends to look at the management with suspicion if it carries a lot of cash for a long period of time.

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