Mutual fund distributor

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  1. Vyom

    Vyom New Member

    What is the new impact of the service tax forwarding and its impact on the mutual fund distributors who are earning commission / brokerage

    are there any slabs which is followed to calculate the tax liability

    currently we have a service tax been deducted at source by the Asset Management Company of the Mutual fund houses and the balance of brokerage is paid to the distributor.
     
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