How is stamp duty calculated?
Stamp duty is levied on the value of shares transferred. As per the Indian Stamp Act, the stamp duty will be levied for any purchase, sales of goods, shares, futures contracts, or commodity traded through an association as per the prescribed rate. Earlier, stamp duty is levied by various states, and hence the rate of stamp duty varies from state to state. However, with effect from Jan 9th, 2020 stamp duty will be charged with a uniform rate across all states and the rate at which it will be charged will be varied from segment to segment.
What are the statutory charges levied by the government and regulatory authorities?
Whenever you take a trade in any segment apart from paying brokerage, you will be charged with certain statutory charges as well like STT (Security Transaction Tax) which is levied when you transact in equity or CTT (Commodity Transaction Tax) in ...
How is GST calculated on the total charges?
GST or Goods and Services Tax is a single tax on the supply of goods and services, right from the manufacturer or the service provider to the consumer. For the security market, prescribed GST rate is flat 18% across all the segments, which is charged ...
What are IPFT charges?
IPFT stands for Investor Protection Fund Trust, which is a fund created by the National Stock Exchange (NSE) to protect the interests of investors in case of default by trading members or clearing members. The fund is used to compensate investors for ...
Why is FYERS blocking some additional amount on orders placed in real-time?
When you place an order on FYERS, we reserve a small amount from your account balance to cover the brokerage fees for that order. This is done in real-time, as soon as your order is placed. This way, you can see the exact cost of each trade and avoid ...