If i buy a stock in CNC and sell it on the same day. Only intraday charges will be applied on that stcok?

If i buy a stock in CNC (delivery) and sell it on the same day (intraday). Only intraday charges will be applied on that stock?

or Its not valid to sell delivery stocks in intraday. Will there be penalty if i buy a stock in delivery and sell it on the same day?

Hi,

If you are a Zerodha client, You guess is right.

YES, If you buy CNC ( delivery ) and sell the shares the same day only intraday brokerage charges apply,

Also, If you buy CNC ( delivery ) and sell the next day only intraday brokerage charges apply,

BUT, If you buy CNC ( delivery ) and sell the third day then CNC Delivery brokerage charges apply.

And, no penalty for selling your shares on the same day.

HAPPY TRADING

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Mark the answer as resolved if satisfied.

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Thanks a lot for ur prompt answer. :slight_smile: :slight_smile:
Happy trading

Thanks a lot…!!

Please Explain the charges. If i purchase #sunpharma shares @ Rs 300.00 * 20 Nos = Rs 6000.00, I sold on same day @310.00 * 20 = Rs 6200.00 charges how much they deducted all charges

CORRECTED.

After Zero Brokerage on delivery trade became effective, BTST trades are now Zero Brokerage.

" If you buy CNC ( delivery ) and sell the next day, Brokerage is Free,"

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https://zerodha.com/brokerage-calculator

  • Same day: Speculative(?), and hence considered business income
  • BTST and T+2 deliveries: STCG
    Is my understanding of the taxation correct?

Thank you for the immediate clarification