Securities transaction tax exemption applies to transactions for or on behalf of the New Pension System Trust. The proposed section 113A excludes taxable securities transactions entered into by any person for, or on behalf of, the New Pension System Trust from the application of Chapter VII of the Finance (No. 2) Act, 2004, creating an explicit statutory carve out from the Chapter's levy mechanism and altering the taxable status of such transactions.
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Provisions expressly mentioned in the judgment/order text.
Securities transaction tax exemption applies to transactions for or on behalf of the New Pension System Trust.
The proposed section 113A excludes taxable securities transactions entered into by any person for, or on behalf of, the New Pension System Trust from the application of Chapter VII of the Finance (No. 2) Act, 2004, creating an explicit statutory carve out from the Chapter's levy mechanism and altering the taxable status of such transactions.
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