Collection and recovery of securities transaction tax

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....into a taxable securities transaction in that stock exchange, at the rates specified in section 98. (2) The prescribed person in the case of every Mutual Fund ^6[or insurance company] shall collect the securities transaction tax from every person who sells a unit to that Mutual Fund ^6A[or insurance company], at the rate specified in section 98. ^1[(2A) The lead merchant banker appointed by ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stock exchange or by the prescribed person in the case of every Mutual Fund ^6B[or insurance company], ^1B[or the lead merchant banker in the case of an initial public offer] ^4[or an initial offer] as the case may be, to the credit of the Central Government by the seventh day of the month immediately following the said calendar month. (4) Any recognised stock exchange or the prescribed person ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f. 01-07-2012 2. Inserted vide Section 156 of the Finance Act, 2015 w.e.f. 14-05-2015 3. Inserted vide Section 156 of the Finance Act, 2015 w.e.f. 14-05-2015 4. Inserted vide Section 156 of the Finance Act, 2015 w.e.f. 14-05-2015 5. Inserted vide Section 156 of the Finance Act, 2015 w.e.f. 14-05-2015 6. Inserted vide Section 169 of the Finance Act, 2021....