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<h1>Definition of 'Specified Security': Includes Securities in Section 2(h) of SCR Act & Employee Stock Options in Section 115WB(1)(d) IT Act.</h1> 'Specified security' refers to securities defined under clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956. It also includes securities offered under any employee stock option plan or scheme, as per clause (d) of subsection (1) of section 115WB of the Income Tax Act, 1961.