Amendment of Act 23 of 2004

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..... d fund, shall be omitted; ( B ) in item ( b ), the words or unit , at both the places where they occur, shall be omitted; ( ii ) against Sl. No. 2, under column (2) relating to taxable securities transaction, ( A ) the words or a unit of an equity oriented fund, shall be omitted; ( B ) in item ( b ), the words or unit , at both the places where they occur, shall be omitted; ( iii ) after serial nu .....

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..... t is expedient in the public interest that the provisions of clauses 76, 77 (b), 91 and 92 of this Bill shall have immediate effect under the Provisional Collection of Taxes Act, 1931(16 of 1931). - Clause 125 of the Bill seeks to amend section 98 of the Finance (No. 2) Act, 2004 relating to charge of securities transaction tax. It is proposed to amend the Table given under the said section which .....

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..... r cent. to 0.01 per cent. in respect of taxable securities transactions of derivatives of the nature referred to under the said column (2), in item (c), against serial number 4. It is also proposed to reduce the rate of securities transaction tax from 0.25 per cent. to 0.001 per cent. in respect of taxable securities transactions of the units of equity oriented fund of the nature referred to under .....

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