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: Login to your MProfit account and open a buy transaction.

Buy transaction can be opened by selecting the desired portfolio then click the transaction.

Step 2: For the Period, choose All To Date from the drop-down list.

Example of buy transaction.

Step 3: Review the contract.

The charges displayed in the contract are not included in the purchase and sale amount. However, MProfit allows transferring all charges into the buy and sell transactions at a certain ratio.

Step 4: To access the transfer contract of charges in MProfit.

Right-click on any script.

Step 5: Navigate to Advanced from the drop-down menu and select Transfer Contract Note Charges.

Step 6: Specify the Start Date and End Date.

Step 7: 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 8: A confirmation prompt will appear; click Yes.

Step 9: Review the transaction and double-check it for accuracy.

Step 10: 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 11: 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!