November 24, 2010 10:09 pm
Please advice what are the charges involved while buying and selling shares.
if we make profit, is it taxable?? if so whats the percentage???
I have an account with ICICI direct. Do you think they charges are good for the market or expensive??
Appreciate your views.
did you miss brokerage?
Err … I did
I made the change in the comment ! 🙂 , thanks
You can buy shares only through demat account, so you pay
– Yearly charges of demat account , which is anywhere from 200-500 per year (this is one time charge for whole year)
– Brokerage while buying/selling
– STT (securities transaction tax), this you pay when you buy and sell a share , this is required to make sure you get benefit of taxation .
– Above this I dont think there are any additional charges .
If you make any profit from equity in short term like 1 day , 1 month or 6 month which is less than a year , you pay 15% of the profit ! , if its more than a year, you dont pay any tax .
Is it clear now ? or you need more info ?
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