Securities lending/borrowing treated as non transfer for tax purposes and not subject to securities transaction tax. Lending and borrowing under SEBI's Securities Lending and Borrowing framework qualify under the existing Securities Lending Scheme exclusion, so such lending is not treated as a transfer for income tax purposes. Further, transactions of lending and borrowing do not fall within the statutory scope of the securities transaction tax levy and thus are not liable to securities transaction tax.
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 lending/borrowing treated as non transfer for tax purposes and not subject to securities transaction tax.
Lending and borrowing under SEBI's Securities Lending and Borrowing framework qualify under the existing Securities Lending Scheme exclusion, so such lending is not treated as a transfer for income tax purposes. Further, transactions of lending and borrowing do not fall within the statutory scope of the securities transaction tax levy and thus are not liable to securities transaction tax.
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