mlennyma wrote:Aguytrying wrote:Its a nice trade off for capital gains tax. Its less confusing and wont bring wrangles.
they have snicked in and
added something to be counted as transaction costs.however friendly they may call it,its a tax
I think additional 0.3% on the 1.8%-2.1% commission brokers charge on every transaction brings costs of transactions to 2.1% - 2.4% transactions costs.
So in a full trade cycle, your cost is now between 4.2%-4.8% and not 3.6% - 4.2% as was initially.
This is cheaper compared to total transaction charges of the earlier 3.6% - 4.2% + 5% on gains!
This levy is way better and the Gvt gets a chunk of daily trade volumes of the NSE as income to them
(e.g 0.3% of yesterday 750million) ..not bad. investors not badly off..gvt ok too... brokers pissed off since inorder to capture the levy..all transactions are up for scrutiny
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