Today I made my first trade ever. I shorted 1 share of HDIL on NSE at 77.50 and squared off at 77.35. I expected my absolute profit to be around 10 paisa after deducting all the charges including stamp duty. However in my contract note I get the following charges-
Net Amt 0.15 Cr
Turnover Charges 0.01
Service Tax 0.00
Total Brokerage 0.02
Stamp Charges 1.00
Total Amount Due To Us 0.88 Dr
This unexpected stamp charge ate into all my profits (though they were measley but money is money). Can someone please explain the reason for this high stamp charge?
P.S. No amounts were printed in front of Sebi Charges and STT.