Topic

demat account

2 articlesLatest May 2026
Section 66E(e) Finance Act, 1994 | Delayed Payment Charges for DEMAT Services Qualify as Taxable Declared Service : CESTAT Hyderabad
Case Law Analysis
|Custom, Excise & Service Tax Tribunal

Section 66E(e) Finance Act, 1994 | Delayed Payment Charges for DEMAT Services Qualify as Taxable Declared Service : CESTAT Hyderabad

CESTAT Hyderabad rules that penalty charges levied for delayed payment of DEMAT account maintenance fees constitute a 'declared service' under Section 66E(e), making them taxable even if structured as penalties. This clarifies that financial intermediaries cannot evade service tax by reclassifying contractual default fees as non-taxable interest-like amounts, impacting all stock brokers and depository participants.

Section 2(1)(d) Consumer Protection Act | Share Trading for Profit Excludes Individual from 'Consumer' Definition : Uttarakhand SCDRC
|Uttarakhand High Court

Section 2(1)(d) Consumer Protection Act | Share Trading for Profit Excludes Individual from 'Consumer' Definition : Uttarakhand SCDRC

Uttarakhand State Consumer Disputes Redressal Commission rules that individuals engaged in share trading for commercial gain do not qualify as 'consumers' under the Consumer Protection Act, 1986, stripping them of statutory protections. The ruling clarifies that profit-driven trading activities fall outside the Act's ambit, impacting investors and financial service providers.

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