https://www.taxtmi.com/manuals?id=5302 Definition of Option Premium: under section 97(8) of Chapter VII (Securities Transaction Tax) of the Finance (No. 2) Act, 2004, Option Premium denotes the amount payable by the purchaser of an option in securities at the time the option is bought. The provision treats that upfront payment as the taxable consideration for the transaction subject to the Securities Transaction Tax framework, identifying the purchaser's payment obligation and the precise timing-at purchase-as constitutive elements of the defined term. en-us Wed, 25 Sep 2024 13:04:00 +0530 Tue, 05 Nov 2024 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5302 Definition of Option Premium: under section 97(8) of Chapter VII (Securities Transaction Tax) of the Finance (No. 2) Act, 2004, Option Premium denotes the amount payable by the purchaser of an option in securities at the time the option is bought. The provision treats that upfront payment as the taxable consideration for the transaction subject to the Securities Transaction Tax framework, identifying the purchaser's payment obligation and the precise timing-at purchase-as constitutive elements of the defined term. Manuals Income Tax Wed, 25 Sep 2024 13:04:00 +0530 https://www.taxtmi.com/manuals?id=5302