Clause 16 - Amendment of section 21 - Finance Bill, 2019

Amendment of section 21. 16. In section 21of the principal Act, (a) for the words the value of such stock or security according to the average price or the value thereof on the day of the date of the instrument. , the words the market value of such stock or security: shall be substituted; (b) the following proviso shall be inserted, namely: Provided that the market value for calculating the stamp-duty shall be, in the case of (i) options in any securities, the premium paid by the buyer; (ii) repo on corporate bonds, interest paid by the borrower; and (iii) swap, only the first leg of the cash flow. .