Comments on: Stock Investments

By: Sameer

Sameer — Sun, 25 May 2008 01:22:45 +0000

@Vinay:

C’mon dude.. Everything’s fair in love, war and written humor…

By: Aditya Kulkarni

Aditya Kulkarni — Tue, 04 Sep 2007 05:05:00 +0000

Hey Asif. I don’t know who you’re talking about. Atif is a functional character!

Vinay: If I was capable of so much Mathematical rigour, I wouldn’t be loosing money in the stock markets in the first place

By: Vinay

Vinay — Tue, 04 Sep 2007 02:22:00 +0000

First of all, your profit was 33% and not 20%.
Then you need to pay capital gains tax on it.. It is 10% of your profit. After deducting that, you still have 30% of profit left for yourself.

Then, the 0.75% transaction fee is levied upon your principal + profit. So, it totally comes down to 1%. Deducting that, you still have 29% of profit for yourself.

The amount of tax you pay is only 10% of your profit, i.e., 3.3%. Education cess is just 2% of this tax amount, i.e.,2% of 3.3%, which comes to 0.066%.
Deducting the education cess, you have 28.93%.

There is no VAT that you have to pay. And the service fee should be the same as transaction fee.

So, finally you have 28.93% absolute profit after deducting any tax, trasaction fees, etc, that too, for only 40 days. (The annualised return comes to 260%).
You have made quite a handsome profit that you can't even compare to your simple Fixed Deposit.. So, I don't see why you are complaining.

By: Asif

Asif — Tue, 04 Sep 2007 01:48:00 +0000

Apparently, Atif was last heard to be working on Wall Street…..it seems some people are willing to pay for his investment advice!!!

By: jyothirmayee

jyothirmayee — Mon, 03 Sep 2007 18:35:00 +0000

patience guruve..

btw..
s/b/n/
s/s/t/

you really got to get better at changing names