charges involved in buying and selling shares

POSTED BY Vijaya ON November 24, 2010 10:09 pm COMMENTS (4)

Hi

Please advice what are the charges involved while buying and selling shares.

if we make profit, is it taxable?? if so whats the percentage???

thanks

vijaya

 

 

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

  1. Vijaya says:

    thanks Manish,

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

    Appreciate your views.

  2. prabeesh says:

    @manish

    did you miss brokerage?

    1. Err … I did

      I made the change in the comment ! 🙂 , thanks

  3. 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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today