Today ive opened the account on edelweiss with student plan where no initial charges only i have to pay the brokerage of 50paise on delivery and 5 paise on intraday. The executive also said that the brokerage charge is also on selling the stock which is 50paise for delivery and 5paise on intraday. So he mean to say that when i buy any XYZ company's share for 100 rs then
for buying: 100 rs + 0.5(brokerage) = 100.5rs
and if the i sell then : 100.5 rs + 0.5 = 101 rs
Is it the way they charge or something else.plz guide me.
and he also said that since ive opened the account of student plan i dont have to pay the income tax. is it true.Sorry i also dont have any knowledge about the taxing.
for buying: 100 rs + 0.5(brokerage) = 100.5rs
and if the i sell then : 100.5 rs + 0.5 = 101 rs
Is it the way they charge or something else.plz guide me.
and he also said that since ive opened the account of student plan i dont have to pay the income tax. is it true.Sorry i also dont have any knowledge about the taxing.