Securities transaction tax extended to units of business trusts, aligning their treatment with equity shares. Clause 109 amends Chapter VII of the Finance (No. 2) Act, 2004 to include units of a business trust within the securities transaction tax framework by adding a definition for 'business trust' and inserting references to units of business trusts alongside equity shares and units of equity oriented funds in section 97 and in the Table to section 98, thereby aligning the tax treatment of such units with that of equity shares.
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Provisions expressly mentioned in the judgment/order text.
Securities transaction tax extended to units of business trusts, aligning their treatment with equity shares.
Clause 109 amends Chapter VII of the Finance (No. 2) Act, 2004 to include units of a business trust within the securities transaction tax framework by adding a definition for "business trust" and inserting references to units of business trusts alongside equity shares and units of equity oriented funds in section 97 and in the Table to section 98, thereby aligning the tax treatment of such units with that of equity shares.
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