Amendment of Act 23 of 2004- Chapter VII not to apply in certain cases

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..... n the Table, against serial number 4, in item (a), under column (3), for the entry 0.017 per cent. , the entry 0.05 per cent. shall be substituted; (b) for section 113A, the following section shall be substituted, namely:- 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 secu .....

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..... ction tax on sale of an option in securities where option is not exercised is 0.017 per cent. of the option premium. It is proposed to increase the said rate of securities transaction tax from 0.017 per cent. to 0.05 per cent. It is also proposed to amend the section 113A so as to provide that the provisions of Chapter VII shall also not apply to taxable securities transactions entered into .....

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