Those who deal in cash, won't understand the Pain of Taxes.
Last FY PnL.
See charges.
Leave Brokerage.
If i trade in Intraday/Positional FnO.
(1) There is Brokerage by Broker.
(2) Exchange (BSE/NSE) Transaction Charges.
(3) Security Transaction tax by Govt of India
(4) SEBI Turnover Fees.
(5) Stamp Duty.
(6) NSE protection fund charges or whatever.
( 7)And the Integrated GST again on the above charges.
These charges are applied on the basis of Per order and Fund utilized on per order.
Whatever remains is the profit.
Now comes to Climax.
I have to pay the advance tax on the profit I have after all these charges which are according to the tax slab defined by govt of India.
Almost 20% of profit is being eaten by govt of India after the brokerage, in which GOI has ZERO contribution.
At least these types of Taxes are curses for us.
NDA 400 +
CONG 30
I want a country that is more content, calm, and less competitive, one that prioritizes long-term concerns such as well-being and the environment rather than solely focusing on potential financial gains. Everyone should vote because every vote matters significantly. You are not just voting for the prime minister or the party in power but also for your local MP, whose race can often be very close and decided by a few hundred or even fewer votes.
If you don't support the BJP or the Congress, that's okay. Look at your local candidates and consider who might do the best job (Regional parties are better for local development). You might dislike the Congress overall, but your local MP candidate could be someone who does exceptional work. Vote for that person, or if not, consider voting for an independent candidate. Encourage those around you to do the same.
And remember, don't let capitalism control your lives. Let's vote for a better future... 🙏🏻
Vote wisely for future generations.