Definition of securities expanded to include derivatives and other notified instruments within the tax transfer provision. The amendment substitutes the sub-clause to include "derivative" and "such other securities as may be notified by the Central Government" and inserts an ... Summary
Definition of securities expanded to include derivatives and other notified instruments within the tax transfer provision.
The amendment substitutes the sub-clause to include "derivative" and "such other securities as may be notified by the Central Government" and inserts an Explanation adopting the meaning of "securities" from clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956, thereby clarifying which instruments are treated as securities under the provision.
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