13.11What is a contract note?
1What is it?
A contract note is the legal record of your trades, sent by your broker by the end of each trading day you trade.
2Why does it exist?
It lists every trade with price, quantity, time, and every charge. It is your proof in any dispute and is used for taxes.
3Diagram
| Field | Example |
|---|---|
| Trade date/time | 04-11-2026 10:15:32 |
| Security | INFY · INE009A01021 |
| Buy/Sell · Qty · Price | Buy · 6 · ₹1,495.00 |
| Brokerage | ₹0.00 |
| STT | ₹8.97 |
| Exchange charges | ₹0.27 |
| Stamp duty | ₹1.35 |
| GST | ₹0.05 |
| Net amount | ₹8,980.65 |
4Quick revision
- Daily legal trade record.
- All charges itemised.
- Keep for taxes and disputes.
5Knowledge check
Q1. When do you receive contract notes?Show answer
By end of day on days you trade.
Q2. Why keep them?Show answer
Tax filing and dispute evidence.
Q3. Does it include STT?Show answer
Yes.