Amendment of section 98
181. In section 98 of the 2004 Act, in the Table, after serial number 6 and entries relating thereto, the following serial number and entries shall be inserted, namely:--
Sl. No.
|
Taxable Securities transaction
|
Rate
|
Payable by
|
1
|
2
|
3
|
4
|
“7
|
Sale of unlisted units of a business trust under an offer for sale referred to in sub-clause (ab) of clause (13) of section 97.
|
0.2 per cent
|
Seller”;
|
Notes on Clauses:
Clause 181 of the Bill seeks to amend the Table given under section 98 of the 2004 Act which specifies the rates at which the securities transaction tax shall be charged to provide for securities transaction tax at the rate of 0.2 per cent. to be payable by the seller on sale of unlisted units of a business trust under an initial offer.