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TMI BlogBenefit of exemption limit - sub brokerX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Under a direct billing system of BSE/NSE main broker raises bill (incld.ser.tax) on buyer/seller of securities.The sub-broker gets share of comm./incentive at the mth. end for business done ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through subbroker.Sub broker does not have any brand name.Subbroker is also regd. with sebi.He buys/sells shares by keying on his 'terminal'under main broker's code.The buyer/seller of shares settles ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his a/c and draws chq.directly on main broker. Case 1)Whether sub-broker can enjoy threshold limit of 4 lacs? Case 2)If main broker has 'brand name like 'Anagram'/'Sharekhan' etc whether subbroker wor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... king under him (as stated above)is eligible to enjoy 4 lacs exemption? If subbroker does not enjoy exemption ,pl. explain with reasons.s.mehta - Reply By Surender - The Reply = Merely using the code ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of main broker does not mean using brand name of others. The main factor to decide the exemption is trade / brand name. - Benefit of exemption limit - sub broker - Query Started By: - sunil v mehta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dated:- 18-7-2006 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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