Definitions

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..... al Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963); 3[(3A) "business trust" shall have the meaning assigned to it in clause (13A) of section 2 of the Income-tax Act, 1961 (43 of 1961);] (4) "derivative" has the meaning assigned to it in clause (aa) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956); 7[(5) ''equity oriented fund'' means a fund referred to in clause (a) of Explanation to section 112A of Income-tax Act, 1961] 8[(43 of 1961)] 2[(5A) "initial public offer" has the meaning assigned to it in clause (p) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regula .....

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..... s" at the time of such purchase; (9) "prescribed" means prescribed by rules made by the Board under this Chapter; (10) "recognised stock exchange" shall have the same meaning as in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (11) "securities transaction tax" means tax leviable on the taxable securities transactions under the provisions of this Chapter; (12) "strike price" means the price at which the "option in securities" may be exercised on the expiry date of such option; (13) "taxable securities transaction" means a transaction of- (a) purchase or sale of an equity share in a company or a derivative or a unit of an equity .....

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..... . Substituted vide Finance Act, 2006 w.e.f. 01-06-2006 before it was read as, "fifty per cent." 2. Inserted vide Finance Act, 2012, w.e.f. 01-07-2012. 2A Inserted vide Finance Act, 2012, w.e.f. 01-07-2012. 3. Inserted vide FINANCE (No. 2) ACT, 2014, w.e.f. 1st day of October, 2014 4. Inserted vide FINANCE (No. 2) ACT, 2014, w.e.f. 1st day of October, 2014 5. Inserted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015 6. Inserted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015 7. Substituted vide THE FINANCE ACT, 2018, w.e.f. 1st day of April, 2018, before it was read as, "(5) "equity oriented fund" means a fund- (i) where the investible funds are invested by way of equity shares i .....

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