Amendment of Act 23 of 2004

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....mn (2) relating to taxable securities transaction,-                (A) the words "or a unit of an equity oriented fund," shall be omitted;                (B) in item (b), the words "or unit", at both the places where they occur, shall be omitted; &nbs....

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....iented fund, where- (a) the transaction of such sale is entered into in a recognized stock exchange; and (b) the contract for the sale of such unit is settled by the actual delivery or transfer of such unit. 0.001 per cent Seller";           (iv) against Sl. No.4, in item (c), under column (3) relating to rate, for the figures "0.017", th....

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....shall be charged.       The proposed amendments seek to reduce the rates of securities transaction tax from 0.1 per cent. to zero per cent. in respect of the purchase of units of an equity oriented fund entered into in a recognised stock exchange where the contract for the purchase of such unit is settled by actual delivery. It is further proposed to insert a new serial....