Selecting a broker

i am correcting my earlier statements.
i checked on the web. looks no income tax liability for buy backs for Resident Indians

TCS buy back FAQ - Q28 says the same.

Since Introduction of Finance Act 2013 Amendment, Government has made tax incidence at company’s end for buyback and no capital gain for investor. PFA the links for same

@Nikhil.A Request if you can confirm if my understanding is correct

What brokerage accounts are reliable and trustworthy to invest in US stocks🤔

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Mirae Asset have ventured into brokerage business with One Time Fee of rs. 999.

Although their website seems rather misleading and total charges when one opens account comes to ~Rs.2400, their pricing is great deal for investors/traders. No delivery/Intraday charges suite both kind of customers and along with their brand name, it’ll be interesting to see how much market share they will be able to gain in an already overcrowded space.


Can someone shed more details on Mirae broking. I have been a huge fan of this group. Really would like to understand their entry and usp they are bringing to their broking business.

Hi All,

Please let me know if you are using PROStock as broker…I am planning to shift from Zerodha to Prostock…for NRI…please advise

Is anyone using or has used Finvasia? Platform seems nice and most importantly it’s a zero commission broker. I am thinking of trying them.

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I have been using them for about 18 months. No problems so far. You can transfer funds through RTGS with instant credit. Transfer out of funds requested before 3pm is credited to bank same day. Take this feedback with the input that I don’t use Futures Options. I don’t use margins or Intra Day. Only delivery based transactions.

Are you using finvaisa for NRI services or Resident account…Please advise

I am using Resident Account

Finvasia is good, I am using their Shoonya web platform.
Since I am a micro / nano cap investor too onle of criteria is most brokers dont allow them but finvasia does.

Another positive feedback is they also have GTT feature, also orders go on exchange pretty quickly in morning at sharp 9.00.01 which is one feature I like as well.

They have lowest CDSL charges as told (not verified).

Sometimes I have seen their login freezes near 9am but I login early so does not affect me.

Overall I am happy. (Only doing delivery based transactions).

How can we make sure all our stocks that we purchased safe…no sell…or no mischief happend like Karvy

I use a demat account where there is no POA, that means broker cannot sell at all, but this has its drawbacks, for example I have to use physical slip for transfer shares (it takes one day and can sell only next day), if it is CDSL and broker allows easiest then it could be easy, but I am yet to come across a broker who opens standalone demat and allows easiest. If you find one please let know.

Finvasia allows easiest. No PoA necessary for trading account also. Selling through their trading account possible with CDSL PIN.