Why is the credited amount in my ledger is different from the amount that I bought/ sold?
Whenever you buy shares, the amount which is debited from your account is more than the actual buy amount because taxes and charges are also included in the final transaction amount.
For e.g. If you are buying 1 share at ₹100 then the amount which will be Debited in the account will be ₹100 + Brokerage and tax & Charges.
Similarly, If you selling 1 share at ₹100 then the amount which will be credited in the account will be ₹100 - Brokerage and tax & Charges.
Related Articles
What is Account Ledger Report?
An Account Ledger Report is a detailed record of all the financial transactions that have taken place in your account over a specific period. It shows how money moves in and out of the account and helps track balances, verify entries and reconcile ...
How can I View/Download my Ledger/Financial Statement?
To download the Ledger/Financial statement, kindly refer to the Demo Video link — it will help you extract it from our Back-office portal. Please contact Helpdesk on 0806999111 in case you are unable to extract it or need further help. ...
What is Capital Gains Tax?
Any Profit or Gain that arises from the sale of a ‘capital asset’ comes under the category ‘Income’, hence we need to pay tax for that amount in the year in which the transfer of the Capital Asset takes place. This is called Capital Gains Tax. The ...
What is a Contract Note?
A Contract Note is a confirmation of the Trades done in your Account on a particular day. It is a record of all trading transactions happened in your Account through Stockbrokers on Stock Exchanges and contains breakup of the Charges incurred in ...
What is Short-Term Capital Gains (STCG ) Tax on Equity Investments?
Stock market investments that mature, or are redeemed or are sold in less than 12 months are classified as short term. Short-term capital gains (STCG) from equity investments are subject to short-term capital gains tax in India.