Fri, Dec 19, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Commodities Exchanges, Market Moves more

Mumbai no more the favorite commodity destination

Posted on 28 March 2011

As commodity broking is gaining its foothold in India, the hub of all activities - Maharasthra, has put a speed breaker in the form of hike in stamp duty. So much so that many commodity broking firms are now seriously thinking of venturing out of Maharashtra after they got a jerker in the form of Maharashtra government’s proposal to have a phenomenal 400 per cent hike in stamp duty on commodity transactions.

This means the clients will have to pay Rs 500 instead of Rs 100 they pay now for every crore. Currently clients shell out Rs 200 exchange fee apart from the taxes structure and the existing stamp duty…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031