Do You Have A Demat Account: Check Whether Tax Is Applicable On You For FY 23-24

| Last updated: 24 April 2024

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Quick Summary

A Demat account holds your shares and securities digitally, simplifying investments. While opening a Demat account itself isn't taxed, transactions like buying and selling shares can lead to capital gains or losses. Short-term capital gains (held under 12 months) are taxed at 15%, while long-term capital gains (held over 12 months) are taxed at 10% above a Rs. 1 lakh exemption. Losses can be set off against gains or carried forward.

First let us know what is a demat account A Demat account is digital platform where investors can hold shares and securities in electronic form. A Demat is short form of Dematerialised. A Demat account can be used to make investments in stocks, bonds, mutual funds, and other market assets which simplifies trading and management by allowing easy buying and selling of securities. Benefits of having a Demat Account Earlier, investors are used to hold physical share certificates as proof be

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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