Securities Transaction Tax (1st Amendment), Rules, 2022

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....ication in the Official Gazette. 2. In the Securities Transaction Tax Rules, 2004 (hereinafter referred to as the principal rules), after rule 5, the following rule shall be inserted, namely:- " 5A.Person responsible for collection and payment of securities transaction tax in case of Insurance Company.- In the case of an insurance company, the person responsible for collection and payment of securities transaction tax in accordance with sub-sections (2), (3) and (4) of section 100 of the Act, shall be the managing director or a whole-time director, as defined in clauses (54) and (94) of section 2 of the Companies Act, 2013 (18 of 2013), duly authorised by the Board of Directors of such company in this behalf.". 3. In the prin....

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....de generated for the purpose of electronic verification of the person furnishing the return of income as per the data structure and standards specified by Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems). (2A) The Principal Director-General of Income-tax (Systems) or Director-General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture and transmission of data and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to furnishing the returns in Form No. 1, Form No. 2 and Form No. 2A."; (iii) after sub-rule (3), the following sub-rule shall be inserted, namely:....

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....bsp;           8. Total securities transaction tax collectible                   9. Total securities transaction tax collected                   10. Total securities transaction tax paid                   11. Securities transaction tax payable/refundable                   12. Interest payable under section 104             ....

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....nbsp;             16. Details of securities transaction tax/interest paid   Tax/Interest (In Rs.) Name of the bank branch BSR code of the bank branch Date of deposit Serial No. of Challan Amount (In Rs.) 11 12 13 14 15 16 VERIFICATION I, ........... (full name in block letters), son/ daughter of ............ solemnly declare that to the best of my knowledge and belief the information given in this return is correct and complete and that the total value of taxable securities transactions and other particulars shown therein are truly stated and are in accordance with provisions of Chapter VII of the Finance (No.2) Act, 2004 and ....