How can I allocate STT & other expenses to my transactions in MProfit?

In this tutorial, we will explain how you can allocate STT and other expenses to cost to get Net Capital Gains in MProfit.

Follow the steps below:

Step 1: To access the transfer contract of charges in MProfit.

Login to your MProfit account and right-click on any script.

Step 2: Navigate to Advanced from the drop-down menu and select Transfer Contract Note Charges.

Step 3: Specify the Start Date and End Date.

Step 4: Choose whether to Include STT or not.

If you select the STT option it will be adjusted in the ratio.

Then, Save the changes.

Step 5: A confirmation prompt will appear; click Yes.

Step 6: Review the transaction and double-check it for accuracy.

Step 7: The charges, which include the Securities Transaction Tax (STT), have been incorporated into the buy and sell amounts.

Click Show Transferred Charges to view the adjusted charges. 

Step 8: Click any amount to see the charges allocated to the transaction.

Remember, once you tick the box, all future imported contract notes will automatically transfer charges into the buy and sell transactions based on a ratio. This process is irreversible.

This is how you can seamlessly allocate STT and other expenses to cost to get Net Capital Gains in MProfit!