Thu, Oct 2, 2014
A A A
Welcome kbr175@gmail.com
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 37214 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031