https://www.taxtmi.com/circulars?id=4132 The circular confirms that securities lending and borrowing under SEBI's SLB framework is covered by the statutory exclusion from the definition of transfer in income tax law, so lending is not treated as a transfer for income tax purposes, and that lending/borrowing transactions do not fall within the charging provisions for securities transaction tax and thus are not liable to that tax. en-us Fri, 22 Feb 2008 00:00:00 +0530 Tue, 15 Jul 2008 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4132 The circular confirms that securities lending and borrowing under SEBI's SLB framework is covered by the statutory exclusion from the definition of transfer in income tax law, so lending is not treated as a transfer for income tax purposes, and that lending/borrowing transactions do not fall within the charging provisions for securities transaction tax and thus are not liable to that tax. Circulars Income Tax Fri, 22 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4132