SEBI turnover fees

Rs 15 per Rs 1 crore of broker turnover, or 0.00015 per cent, reduced to Re 1 per crore for agricultural commodities.

This one is not written up yet

The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.

Written up from the same chapter

Fair valueThe theoretical futures price — spot plus the cost of carrying the commodity to expiry — at which a buyer is indifferent between buying today and buying forward.

Where this is taught

Series XVI · Chapter 9: Accounting and Taxation

Free preparation for NISM Series XVI

Related terms

Commodity Transaction TaxA transaction tax on non-agricultural commodity derivatives — 0.01% on the sale of a futures contract, paid by the seller, with separate rates for options.

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