Securities Transaction Tax excludes trades by the New Pension System Trust and IFSC exchange transactions paid in foreign currency. Chapter VII's provisions do not apply to taxable securities transactions entered into by any person for, or on behalf of, the New Pension System Trust, and do not apply to transactions on a recognised stock exchange located in an International Financial Services Centre where the consideration is paid or payable in foreign currency, with 'International Financial Services Centre' having the meaning assigned in the Special Economic Zones Act, 2005.
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Provisions expressly mentioned in the judgment/order text.
Securities Transaction Tax excludes trades by the New Pension System Trust and IFSC exchange transactions paid in foreign currency.
Chapter VII's provisions do not apply to taxable securities transactions entered into by any person for, or on behalf of, the New Pension System Trust, and do not apply to transactions on a recognised stock exchange located in an International Financial Services Centre where the consideration is paid or payable in foreign currency, with "International Financial Services Centre" having the meaning assigned in the Special Economic Zones Act, 2005.
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