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What is Brokerage ?

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What is Brokerage ?

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Commission payable to the Stock-broker for arranging the sale or purchase of shares/debentures/securities. Scale of brokerage is officially fixed under the Stock Exchange Bye-laws and Regulations and approved by the Government. Brokerage scales fixed are the maximum chargeable commission.

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Asked in Personal Finance & Tax at 9:06 PM on August 27, 2008 Tags: brokerage

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