Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What are the tax implications of earnings from the stock market (BSE)?
If you have held the stocks longer than a year, then there is no tax apart from the STT that is already deducted when you sell the shares.  If you have held the stock for less than a year, you would have to pay short term capital gains at the rate of 15% on the profit. Edit: If you buy different shares from the total amount or profits, it makes no difference to taxes.