Taxable securities transaction defined to include exchange trades, IPO offer sales, mutual fund unit sales and ULIP redemptions. Taxable Securities Transaction covers purchase or sale of equity shares, derivatives, units of equity oriented funds, and units of business trusts entered into on a recognised stock exchange; sale of unlisted equity shares or unlisted business trust units by a holder under an offer for sale in an initial public offering where those securities are subsequently listed; sale of an equity oriented fund unit to the mutual fund; and sale, surrender or redemption of an equity oriented fund unit to an insurance company in connection with unit linked insurance policies.