Value of taxable securities transaction

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..... d, entered into in a recognised stock exchange, shall be determined in the following manner, namely : (a) where the equity share or unit is purchased or sold by a person on a trading day in the netted settlement mode, (i) the quantity of shares or units purchased or sold in each trade in that equity share or unit executed by the person on that day, shall be multiplied by the price at which the tra .....

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..... s transaction in a case where the equity share or unit is purchased or sold through a member of the stock exchange, shall be made with reference to the trades executed in the equity share or unit under a particu lar client Code through that member; (b) where the equity share or unit is purchased or sold by a person in the trade-for-trade settlement mode, the value of the taxable securities transac .....

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..... hased by a person on a trading day is set off against the quantity of that equity share or unit sold by him on that day and actual delivery is required to be taken or given by him as the case may be, only in respect of the net quantity purchased or sold as has not been so set off; (ii) trade-for-trade settlement mode means a mode of settlement of transactions in a recognised stock exchange where e .....

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