Securities transactions: new tax rates apply to sale and exercise of options and sale of futures. The amendment sets specific transaction rates and payers for options and futures: sale of an option at 0.017% payable by the seller; sale where an option is exercised at 0.125% payable by the purchaser; and sale of a futures at 0.017% payable by the seller. It further defines taxable value for options as the option premium on sale and the settlement price when an option is exercised.
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.
Securities transactions: new tax rates apply to sale and exercise of options and sale of futures.
The amendment sets specific transaction rates and payers for options and futures: sale of an option at 0.017% payable by the seller; sale where an option is exercised at 0.125% payable by the purchaser; and sale of a futures at 0.017% payable by the seller. It further defines taxable value for options as the option premium on sale and the settlement price when an option is exercised.
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