Securities transaction levy rates revised for options exercised options and futures under the amended finance law. The Finance (No. 2) Act, 2004 is amended by revising the rates specified in the table under section 98 for transactions in securities. The rate applicable to the sale of an option in securities is increased from 0.1 per cent. to 0.15 per cent., the rate applicable where an option in securities is exercised is increased from 0.125 per cent. to 0.15 per cent., and the rate applicable to the sale of futures in securities is increased from 0.02 per cent. to 0.05 per cent.
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Securities transaction levy rates revised for options exercised options and futures under the amended finance law.
The Finance (No. 2) Act, 2004 is amended by revising the rates specified in the table under section 98 for transactions in securities. The rate applicable to the sale of an option in securities is increased from 0.1 per cent. to 0.15 per cent., the rate applicable where an option in securities is exercised is increased from 0.125 per cent. to 0.15 per cent., and the rate applicable to the sale of futures in securities is increased from 0.02 per cent. to 0.05 per cent.
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