Miscellaneous

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....or any other enactment for the time being in force relating to tax or income, profits or gains, no incometax or any other tax shall be payable by the administrator in relation to the specified undertaking up to 31st March, 2009 in respect of any income, profit or gains derived, or any amount received in relation to the specified undertaking. It is proposed to amend sub-section (1) of the said sec....

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....ter, not apply to "taxable securities transactions" entered into by any person for, or on behalf of, the New Pension System Trust. This amendment will take effect from 1st October, 2009. Clause 115 of the Bill seeks to insert a new section 121A to the Finance Act, 2008 which relates to provisions of Chapter VII not to apply to commodities transaction tax. The existing Chapter VII provides for pr....