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<h1>Finance Act 2004: Taxable Securities Transactions Include Equity Shares, Derivatives, and Unit Sales on Recognized Exchanges.</h1> A 'Taxable Securities Transaction' under the Finance (No. 2) Act, 2004, includes transactions involving the purchase or sale of equity shares, derivatives, or units of equity-oriented funds or business trusts on recognized stock exchanges. It also covers the sale of unlisted equity shares or units during an initial public offer, which are later listed on a recognized stock exchange. Additionally, it encompasses the sale of units of equity-oriented funds to mutual funds or the sale, surrender, or redemption of such units to insurance companies on maturity or partial withdrawal, specifically for unit-linked insurance policies issued from February 1, 2021, onwards.