Brokerage and commission

vivek (Querist) 18 July 2012 This query is : Resolved

What is the diff btwn Brokerage and Commission according to laws with sections, if both are same tell me the defination with section from any of the ACTS.

R.vivek,
Article Assistant,
SRIPADA ASSOCIATES,
Chartered Accountants.

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ajay sethi (Expert) 18 July 2012
academic query

Trivedi Advocate (Expert) 19 July 2012
Dear Vivik,

Brokeage and commission both are linked with each other. please see below:-

Commission- A form of payment to a brokerage in which the brokerage receives a percentage of the value of each transaction that a client orders. Commissions are seen as advantageous to a client because if the client does not make orders, then he/she does not have to pay a broker. However, commissions create an incentive for brokers to make as many transactions as possible.

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