| 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
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