Collection and recovery of securities transaction tax

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..... into a taxable securities transaction in that stock exchange, at the rates specified in section 98. (2) The prescribed person in the case of every Mutual Fund 6 [ or insurance company ] shall collect the securities transaction tax from every person who sells a unit to that Mutual Fund 6 [ or insurance company ] , at the rate specified in section 98. 1 [ (2A) The lead merchant banker a .....

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..... aid by every recognised stock exchange or by the prescribed person in the case of every Mutual Fund 6 [ or insurance company ] , 1 [ or the lead merchant banker in the case of an initial public offer ] 4 [or an initial offer] as the case may be, to the credit of the Central Government by the seventh day of the month immediately following the said calendar month. (4) Any recognised stock .....

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