I am on Unlimited Trading Plan. How my taxes are calculated on my brokerage account?

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Are you a day trader?

The biggest saving with these plans is the saving on taxes. The GST and other taxes are only charged on the monthly fees you pay (i.e. service tax only on monthly fee i.e. on Rs 899)).

For example:

ProStocks charges flat monthly fee + 18% GST. If you take Monthly Equity Plan for unlimited Equities & Derivatives Trading; the cost of the plan is Rs 899 and additionally Rs 161.82 is charged as the tax on fixed brokerage.


1 Comments

Mitesh
1. Mitesh  Dec 23, 2019 18:14 I Like It. | Report Abuse Reply
I am using Zerodha Kite and its a very good in terms of trading but I do frequent trades and due to that I lose more money in charges rather then losses. So if I go for any unlimited plan then will it make difference in tax savings as well?

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