Securities Transaction Tax

Section - 98 - Charge of securities transaction tax.

Charge of securities transaction tax.

98. On and from the commencement of this Chapter, there shall be charged a securities transaction tax in respect of the taxable securities transaction specified in column (2) of the Table below, at the rate specified in the corresponding entry in column (3) of the said Table, on the value of such transaction and such tax shall be payable by the purchaser or the seller, specified in the corresponding entry in column (4) of the said Table:

TABLE

Sl. No.Taxable securities transaction-Rate-Payable by
1 ---------2-3-4
1.Purchase of an equity share in a company [or a unit of a business trust] [***] where--.... To read the full section download the app from Google Play store