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Insertion of new Part AA-Instruments chargeable with duty for transactions in stock exchanges and depositories-Instruments chargeable with duty for transactions otherwise than through stock exchanges and depositories

Clause 15 - Bills - AMENDMENTS TO THE INDIAN STAMP ACT, 1899 - FINANCE BILL, 2019 - Clause 15 - Insertion of new Part AA. 15. In Chapter II of the principal Act, after Part A relating to Of the liability of instruments to duty , the following Part sh .....

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ge or a clearing corporation authorised by it, from its buyer on the market value of such securities at the time of settlement of transactions in securities of such buyer, in such manner as the Central Government may, by rules, provide; (b) when any .....

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the records of a depository is made, the stamp-duty on the allotment list shall be collected on behalf of the State Government by the depository from the issuer of securities on the total market value of the securities as contained in such list and .....

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e transactions mentioned in sub-section (1). (4) The stock exchange or a clearing corporation authorised by it or the depository, as the case may be, shall, within three weeks of the end of each month and in accordance with the rules made in this beh .....

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such transfer, the stock exchange or the clearing corporation authorised by it or the depository shall be entitled to deduct such percentage of stamp-duty towards facilitation charges as may be specified in such rules. Explanation.-The term participa .....

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ained in this Act,- (a) when any issue of securities is made by an issuer otherwise than through a stock exchange or depository, the stamp-duty on each such issue shall be payable by the issuer, at the place where its registered office is located, on .....

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