{"act":{"id":"finance-act-2013","short_title":"The Finance Act, 2013","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2013-2014.","act_number":null,"act_year":2013,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":142,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2013/"},"unit":"section","section":{"number":"135","heading":"Amendment of Act 23 of 2004","text":"CHAPTER VIII MISCELLANEOUS Amendment of Act 23 of 2004. 135. In the Finance (No. 2) Act, 2004, in section 98, in the Table, with effect from the 1st day of June, 2013,— (i) | against Sl. No. 1, under column (2) relating to taxable securities transaction,— (A) | the words \"or a unit of an equity oriented fund,\" shall be omitted; (B) | in item (b), the words \"or unit\", at both the places where they occur, shall be omitted; (ii) | against Sl. No. 2, under column (2) relating to taxable securities transaction,— (A) | the words \"or a unit of an equity oriented fund,\" shall be omitted; (B) | in item (b), the words \"or unit\", at both the places where they occur, shall be omitted; (iii) | after serial number 2 and the entries relating thereto, the following serial number and entries shall be inserted, namely:— Sl. No. | Taxable securities transaction | Rate | Payable by (1) | (2) | (3) | (4) \"2A Sale of a unit of an equity oriented fund, where— (a) the transaction of such sale is entered into in a recognised stock exchange; and (b) the contract for the sale of such unit is settled by the actual delivery or transfer of such unit. | 0.001 per cent | Seller\"; (iv) | against Sl. No. 4, in item (c), under column (3) relating to rate, for the figures \"0.017\", the figures \"0.01\" shall be substituted; (v) | against Sl. No. 5, under column (3) relating to rate, for the figures \"0.25\", the figures \"0.001\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><i> <b>CHAPTER VIII</b> </i></p><p><b>MISCELLANEOUS</b></p><p><b> Amendment of Act 23 of 2004.</b></p><p><b> 135.</b> In the Finance (No. 2) Act, 2004, in section 98, in the Table, with effect from the 1st day of June, 2013,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>against Sl. No. 1, under column (2) relating to taxable securities transaction,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>the words \"or a unit of an equity oriented fund,\" shall be omitted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>in item (<i>b</i>)<i>, </i>the words \"or unit\", at both the places where they occur, shall be omitted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>against Sl. No. 2, under column (2) relating to taxable securities transaction,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>the words \"or a unit of an equity oriented fund,\" shall be omitted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>in item (<i>b</i>)<i>, </i>the words \"or unit\", at both the places where they occur, shall be omitted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>iii</i>)</td><td></td><td>after serial number 2 and the entries relating thereto, the following serial number and entries shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td></td><td><i>Sl. No.</i></td><td><i>Taxable securities transaction</i></td><td><i>Rate</i></td><td><i>Payable by</i></td></tr><tr><td></td><td><i>(1)</i></td><td><i>(2)</i></td><td><i>(3)</i></td><td><i>(4)</i></td></tr><tr><td></td><td></td><td>\"2A Sale of a unit of an equity oriented fund, where— (<i>a</i>) the transaction of such sale is entered into in a recognised stock exchange; and (<i>b</i>) the contract for the sale of such unit is settled by the actual delivery or transfer of such unit.</td><td>0.001 per cent</td><td>Seller\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>iv</i>)</td><td></td><td>against Sl. No. 4, in item (<i>c</i>), under column (3) relating to rate, for the figures \"0.017\", the figures \"0.01\" shall be substituted;</td></tr><tr><td>(<i>v</i>)</td><td></td><td>against Sl. No. 5, under column (3) relating to rate, for the figures \"0.25\", the figures \"0.001\" shall be substituted.</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":272,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2013/section/135/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}