TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>NSE and BSE Recognized for Non-Speculative Derivative Transactions Under Section 43(5)(ii) of Income-tax Act, 1961</h1> Section 43(5)(ii) of the Income-tax Act, 1961, through Notification No. 2/2006 dated January 25, 2006, designates the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in Mumbai as recognized stock exchanges. This recognition is for the purpose of clause (d) of the proviso to section 43(5) of the Act, meaning eligible derivative transactions on these exchanges are not considered speculative. The recognition remains effective unless withdrawn by the Central Government or the Securities and Exchange Board of India. Violations of conditions in rule 6DDA of the Income-tax Rules, 1962, may lead to withdrawal of recognition.
TaxTMI 