India - Income Tax Act 2010 - Saarc

4.7 CH. VII OF FINANCE (NO. 2) ACT, 2004 S. 99Sl. No. Taxable securities transaction Rate Payable by1 2 3 4(a) the transaction of such sale is enteredinto in recognised stock exchange; and(b) the contract for the sale of such shareor unit is settled by the actual deliveryor transfer of such share or unit.3. Sale of an equity share in a company or a 4[0.025] per cent Sellerunit of an equity oriented fund, where—(a) the transaction of such sale is enteredinto in a recognised stock exchange;and(b) the contract for the sale of such shareor unit is settled otherwise than by theactual delivery or transfer of such shareor unit.5[4. (a) Sale of an option in securities 0.017 per cent Seller(b) Sale of an option in securities, whereoption is exercised 0.125 per cent Purchaser(c) Sale of a futures in securities 0.017 per cent Seller]5. Sale of a unit of an equity oriented fund 6[0.25] per cent Sellerto the Mutual Fund.Value of taxable securities transaction.99. The value of taxable securities transaction,—6a[(a) in the case of a taxable securities transaction relating to an option insecurities, shall be—(i) the option premium, in respect of transaction at item (a) of serialnumber 4 of the Table in section 98;(ii) the settlement price, in respect of transaction at item (b) of serialnumber 4 of the Table in section 98;]4. Substituted for “0.02” by the Finance Act, 2006, w.e.f. 1-6-2006. Earlier it was substitutedfor “0.015” by the Finance Act, 2005, w.e.f. 1-6-2005.5. Substituted by the Finance Act, 2008, w.e.f. 1-6-2008. Prior to its substitution, Sl. No. 4 andthe entries relating thereto, as amended by the Finance Act, 2006, w.e.f. 1-6-2006 andFinance Act, 2005, w.e.f. 1-6-2005, read as under :“4. Sale of a derivative, where the transaction 0.017 per cent Seller”of such sale is entered into in a recognisedstock exchange.6. Substituted for “0.2” by the Finance Act, 2006, w.e.f. 1-6-2006. Earlier it was substituted for“0.15” by the Finance Act, 2005, w.e.f. 1-6-2005.6a. Substituted by the Finance Act, 2008, w.e.f. 1-6-2008. Prior to its substitution, clause (a)read as under :‘(a) in the case of a taxable securities transaction relating to a derivative, being “optionin securities”, shall be the aggregate of the strike price and the option premium ofsuch “option in securities”;’