Comment on Zerodha - your tax aide while you trade

PR commented on 16 Oct 2017, 07:30 PM

Hello Nithin & all,

While Q -> Tax P&L does provide a breakup of Long Term, Short Term Gross Profit and Intraday Gross Profits, the costs (brokerage, turnover charges, STT, service tax, stamp duty and SEBI charges) for these are shown in a combined manner.

While performing a tax calculation, I believe we need to
1) consider the total profit or loss including all charges (possibly only the STT might need to be excluded as an expense for STCG but all other charges are relevent, is that right?)
2) intraday and short term transactions are considered separately (the former is considered as speculative business).
3) Is STT to be considered as expense for Intraday (speculative) transactions as well? Are all other charges to be considered an expense?

Would it be possible to provide the cost breakup (for each of the costs, i.e. brokerage, turnover charges, STT, service tax, stamp duty and SEBI charges) individually for the short-term vs intraday vs long-term trades?

Alternatively, can you kindly provide a tradebook report that includes row-wise cost breakups for each trade, in such a case, we can do the calculations ourselves to arrive at these figures.

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