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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2015 My client is in the business of algorithmic trading strategic in Indian market. And lend algorithims to client on p& l sharing basis. He get certain % of profit and loss

The question is
In this type of business he needs any service tax, vat/cst or other tax?
What are the taxes imposed on such business?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2015 service tax should be applied as consultancy services/PMS etc

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