4 replies on this article “charges involved in buying and selling shares”

1. Vijaya says:

   November 30, 2010 at 1:08 am

   thanks Manish,

   I have an account with ICICI direct. Do you think they charges are good for the market or expensive??

   Appreciate your views.

   Reply
2. prabeesh says:

   November 24, 2010 at 11:03 pm

   @manish

   did you miss brokerage?

   Reply
   1. Manish Chauhan says:

      November 25, 2010 at 10:34 am

      Err … I did

      I made the change in the comment ! 🙂 , thanks

      Reply
3. Manish Chauhan says:

   November 24, 2010 at 10:15 pm

   Vijaya

   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 ?

   Manish

   Reply

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