Rule 5 - Person responsible for collection and payment of securities transaction tax in case of a Mutual Fund - Securities Transaction Tax Rules, 2004

Person responsible for collection and payment of securities transaction tax in case of a Mutual Fund 5. In the case of a Mutual Fund, the person responsible for collection and payment of securities transaction tax in accord ance with sub-sections (2), (3) and (4) of section 100 of the Act, shall be the trustee of the Fund, or such other person managing the affairs of the Mutual Fund as may be duly authorised by the trustee in this behalf.