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| Discuss Indiabulls accounting?! at the Investors Grieviences within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I dont really have a grievance but does anyone know how Indiabulls handles client accounts? ... |
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#1
11th September 2005, 01:10 AM
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Indiabulls accounting?!
I dont really have a grievance but does anyone know how Indiabulls handles client accounts?
They have this rather complex structure involving ISL (indiabulls securities limited) and IFSL (indiabulls financial services limited) and all accounting seems to be split between these two entities. Does anyone have any idea/documentation on exactly how funds are accounted for? thanks! John p.s. i've already asked my sales rep and he's as clueless as they come.. 
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#2
23rd January 2007, 12:23 PM
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Re: Indiabulls accounting?!
I also want to know the, is they provide all details about brokerage, charges, taxes briefly in their statement. also please mention which bank's demat a/c is needed to trade with indiabulls.
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#3
25th January 2007, 10:42 PM
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Re: Indiabulls accounting?!
Intraday Delivery Future
Buy Stamp Duty 0.00201 0.01 0.0021 Buy Transaction Charges 0.0035 0.0035 0.002 STT Buy 0.125 Sell Stamp Duty 0.00201 0.01 0.0021 Sell Transaction Charges 0.0035 0.0035 0.002 STT Sell 0.025 0.125 0.017 indiabull has its own demat account
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#4
1st February 2007, 06:43 PM
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Re: Indiabulls accounting?!
Indiabulls is charging Service Tax @12.24%on Stamp Duty and Transaction Tax(Charges) and the total comes to about 0.0023% and 0.0067% respectively(though they dont mention it separately ) of market price.Is it correct? If the answer is in the negative,what should be the correct per centage of stamp duty and transaction tax (charge) recoverable by the broker in respect of share transactions under cash and derivative segments? and does it attaract Service Tax? As per as my knowledge is concern only Brokerage attracts service tax. Please confirm.
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#6
5th April 2007, 07:04 PM
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Re: Indiabulls accounting?!
Please tell me if anybody know the right charges.
Does Stampdutu and transaction charges attract Service Tax?Indiabulls is charging S.T on stampduty and Transaction charge.But no other brokers are charging the same.(Others charging only on Brokerage)
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#7
7th April 2007, 05:06 AM
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Re: Indiabulls accounting?!
Quote:
SavantGarde
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#8
7th April 2007, 07:17 PM
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Re: Indiabulls accounting?!
Quote:
Thank you for your comment.Could you please give me the email address of the Investor Grievance Cell of NSE & BSE. Again I have doubt whether that they will response my mail or not. Would you plz give me the actual Rates of STT, StampDuty, and Transaction charge?I think they should be same for All Brokers in India.But Indiabulls is charging different. Please put some light on it. Thanx again Debdulal Bhattacharyya Kolkata
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