Securities Transaction Tax applied to sales of unlisted business trust units, liability placed on the seller under initial offer. The amendment inserts a new Table entry in section 98 to impose securities transaction tax at the rate of 0.2 per cent on sale of unlisted units of a business trust under an offer for sale referred to in sub-clause (ab) of clause (13) of section 97, with the tax payable by the seller.
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Provisions expressly mentioned in the judgment/order text.
Securities Transaction Tax applied to sales of unlisted business trust units, liability placed on the seller under initial offer.
The amendment inserts a new Table entry in section 98 to impose securities transaction tax at the rate of 0.2 per cent on sale of unlisted units of a business trust under an offer for sale referred to in sub-clause (ab) of clause (13) of section 97, with the tax payable by the seller.
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