https://www.taxtmi.com/acts?id=21173 The amendment excludes clause (b) of section 111A from applying to transactions on a recognised stock exchange located in an International Financial Services Centre when the consideration is paid or payable in foreign currency. It substitutes the Explanation to define "equity oriented fund" by reference to the Explanation to clause (38) of section 10, "International Financial Services Centre" by reference to the Special Economic Zones Act, and "recognised stock exchange" by reference to the Explanation to sub section (5) of section 43. en-us Fri, 06 May 2016 16:35:51 +0530 Wed, 03 May 2017 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21173 The amendment excludes clause (b) of section 111A from applying to transactions on a recognised stock exchange located in an International Financial Services Centre when the consideration is paid or payable in foreign currency. It substitutes the Explanation to define "equity oriented fund" by reference to the Explanation to clause (38) of section 10, "International Financial Services Centre" by reference to the Special Economic Zones Act, and "recognised stock exchange" by reference to the Explanation to sub section (5) of section 43. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:35:51 +0530 https://www.taxtmi.com/acts?id=21173