Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 25 Jan 2014, 11:08 PM

Harry, Service tax is charged on any fees that is charged as a service, so this includes both brokerage and other charges. There is no tax on a tax, hence there is no service tax on STT or CTT. The total transaction charges include, exchange charges and clearing member charges. We are not clearing members at the exchange, and use a third party (ILFS) for clearing services.

Service tax of 12.36% is on every service, by the broker, by the exchange or the clearing member.

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