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Section 113A - Chapter VII not to apply in certain cases. - Finance (No. 2) Act, 2004Extract 2 [ 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, (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. 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).] ******************** Notes:- 1. Inserted vide Finance (No. 2) Act, 2009 , w.e.f. 01-10-2009 2. Substituted vide FINANCE ACT, 2016 , w.e.f. 1st day of June, 2016, before it was read as, 1 [Chapter VII not to apply in certain cases.
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