Securities Transaction Tax
Section - 113A - Chapter VII not to apply in certain cases
[Chapter VII not to apply in certain cases.113A. Notwithstanding anything contained in this Chapter, the provisions of this Chapter shall not apply to taxable securities transactions entered into by,-
Explanation.-For the purposes of this section, "International Financial Services Centre" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).]
| (a) | - | any person for, or on behalf of, the New Pension System Trust referred to in clause (44) of section 10 of the Income-tax Act, 1961 (43 of 1961); or |
| (b) | - | any person on a recognised stock exchange located in an International Financial Services Centre where the consideration for such transaction is paid or payable in foreign currency. |
06 July 2026
Chartered Accountant (Indirect Taxation)
Gowra Ventures Pvt Ltd
Hyderabad
CA
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