Reporting obligations for securities transactions require stock exchanges or lead merchant bankers to file annual returns of taxable transactions. Amendment requires the stock exchange or the lead merchant banker (for an initial offer) to prepare and deliver, within the prescribed time after each financial year, a prescribed-form return to the Assessing Officer or an authorised agency, reporting all taxable securities transactions during that year, explicitly including sales of units to mutual funds, sales of unlisted shares under an initial public offer, and sales of unlisted units of business trusts under an initial offer where the lead merchant banker is appointed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reporting obligations for securities transactions require stock exchanges or lead merchant bankers to file annual returns of taxable transactions.
Amendment requires the stock exchange or the lead merchant banker (for an initial offer) to prepare and deliver, within the prescribed time after each financial year, a prescribed-form return to the Assessing Officer or an authorised agency, reporting all taxable securities transactions during that year, explicitly including sales of units to mutual funds, sales of unlisted shares under an initial public offer, and sales of unlisted units of business trusts under an initial offer where the lead merchant banker is appointed.
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