Contract Note

Tax Glossary Definition

Contract Note

A contract note is an official record issued by a stockbroker to an investor confirming the details of a share or securities transaction executed on a stock exchange. It includes information such as trade date, quantity, price, brokerage, and applicable taxes, serving as legal proof of the trade.

Example: An investor uses the contract note to calculate capital gains or losses while filing the Income Tax Return (ITR).

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