Securities transaction tax reductions proposed; purchase of equity fund units exempt when settled by actual delivery Proposed amendments to section 98's Table revise the securities transaction tax rates: purchases of equity oriented fund units on a recognised stock ... Summary
Securities transaction tax reductions proposed; purchase of equity fund units exempt when settled by actual delivery
Proposed amendments to section 98's Table revise the securities transaction tax rates: purchases of equity oriented fund units on a recognised stock exchange settled by actual delivery are to attract no tax; a new table entry reduces the tax rate on sales of such units; rates for specified derivatives transactions and other unit transactions are also reduced, with the changes operative from 1st June, 2013.
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