Value of taxable securities transaction set by volume weighted average or trade price, governing calculation and remittance of transaction tax. Rules prescribe how to determine the value of a taxable securities transaction for equity shares and equity-oriented fund units: in netted settlement, a person's daily volume weighted average price (aggregate trade value divided by total quantity) rounded to the nearest paisa; in trade-for-trade settlement, the transaction price; in auction purchases, the volume weighted average for the auction session; in auction sales, the sale price. Trustees or authorised managers of Mutual Funds are responsible for collection and payment; recognised stock exchanges and Mutual Funds must remit tax using a challan and furnish verified annual returns on prescribed computer media.
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Provisions expressly mentioned in the judgment/order text.
Value of taxable securities transaction set by volume weighted average or trade price, governing calculation and remittance of transaction tax.
Rules prescribe how to determine the value of a taxable securities transaction for equity shares and equity-oriented fund units: in netted settlement, a person's daily volume weighted average price (aggregate trade value divided by total quantity) rounded to the nearest paisa; in trade-for-trade settlement, the transaction price; in auction purchases, the volume weighted average for the auction session; in auction sales, the sale price. Trustees or authorised managers of Mutual Funds are responsible for collection and payment; recognised stock exchanges and Mutual Funds must remit tax using a challan and furnish verified annual returns on prescribed computer media.
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