TMI BlogSecurities Transaction Tax (1st Amendment), Rules, 2022X X X X Extracts X X X X X X X X Extracts X X X X ..... in the Official Gazette. 2 . In the Securities Transaction Tax Rules, 2004 (hereinafter referred to as the principal rules), after rule 5, the following rule shall be inserted, namely:- 5A. Person responsible for collection and payment of securities transaction tax in case of Insurance Company .- In the case of an insurance company, the person responsible for collection and payment of securities transaction tax in accordance with sub-sections (2), (3) and (4) of section 100 of the Act, shall be the managing director or a whole-time director, as defined in clauses (54) and (94) of section 2 of the Companies Act, 2013 (18 of 2013), duly authorised by the Board of Directors of such company in this behalf. . 3 . In the princip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of electronic verification of the person furnishing the return of income as per the data structure and standards specified by Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems). (2A) The Principal Director-General of Income-tax (Systems) or Director-General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture and transmission of data and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to furnishing the returns in Form No. 1, Form No. 2 and Form No. 2A. ; (iii) after sub-rule (3), the following sub-rule shall be inserted, namely:- (3A) In case of an insurance compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. Financial Year for which transaction is being reported 5. Jurisdictional Assessing Officer 6. Number of equity oriented funds 7. Value of taxable securities transactions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able under section 104 13. Interest paid 14. Details of Equity Oriented Funds with respect to Unit Linked Insurance Policies issue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Month Name of equity oriented fund Unique Client Code of the fund Value of taxable securities transaction (in Rs.) Securities transaction tax Collectible (in Rs.) Securities transaction tax collected (in Rs.) Securities transaction tax Paid (in Rs.) Interest payable under section 104 Interest paid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d complete and that the total value of taxable securities transactions and other particulars shown therein are truly stated and are in accordance with provisions of Chapter VII of the Finance (No.2) Act, 2004 and the Securities Transaction Tax Rules, 2004. I further declare that I am making this return in my capacity as ......... and I am also competent to make this return and verify it. Date: ......... Place ......... (Name and Signature) NOTES:- 1. This Form must be used by a Insurance Company Only 2. Details required in Row 14 may be given separately for each equity oriented fund set up by the insurance company and sub-total of each fund be also given. 3. Details required in Row No. 15 may be given separately fo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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