Exemption for certain securities transactions: Chapter VII rules do not apply to pension trust trades or IFSC foreign currency trades. Amendment effective 1 June 2016 substitutes the percentage entry in section 98 Table (serial 4, item (a)) and replaces section 113A to provide that Chapter VII shall not apply to taxable securities transactions entered into for or on behalf of the New Pension System Trust or those executed on a recognised stock exchange in an International Financial Services Centre where consideration is paid or payable in foreign currency; IFSC is defined by reference to the Special Economic Zones Act, 2005.
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.
Exemption for certain securities transactions: Chapter VII rules do not apply to pension trust trades or IFSC foreign currency trades.
Amendment effective 1 June 2016 substitutes the percentage entry in section 98 Table (serial 4, item (a)) and replaces section 113A to provide that Chapter VII shall not apply to taxable securities transactions entered into for or on behalf of the New Pension System Trust or those executed on a recognised stock exchange in an International Financial Services Centre where consideration is paid or payable in foreign currency; IFSC is defined by reference to the Special Economic Zones Act, 2005.
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