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        Section 99 - Value of taxable securities transaction

        Finance (No. 2) Act, 2004
        Chapter VII
        SECURITIES TRANSACTION TAX

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        Taxable securities transaction value set by option premium or intrinsic value, futures traded price, or purchase/sale price. This provision defines the value of a taxable securities transaction by transaction type: for options, value is the option premium for one category and the intrinsic value (settlement price minus strike price) for another; for futures, value is the traded price; and for other transactions, value is the purchase or sale price, while the Board may prescribe rules to determine price based on settlement practices.
                      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.

                          Taxable securities transaction value set by option premium or intrinsic value, futures traded price, or purchase/sale price.

                          This provision defines the value of a taxable securities transaction by transaction type: for options, value is the option premium for one category and the intrinsic value (settlement price minus strike price) for another; for futures, value is the traded price; and for other transactions, value is the purchase or sale price, while the Board may prescribe rules to determine price based on settlement practices.


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