Amendment of Act 23 of 2004
Section 124 of the Finance Act, 2008 deals with amendment of Act 23 of 2004. Amendment of Act 23 of 2004. 124. In the Finance (No.
Amendment of Act 23 of 2004.
124. In the Finance (No.
2) Act, 2004, with effect from the 1st day of June, 2008,—
(i ) in section 98, in the Table, for serial number 4 and the entries relating thereto, the following serial number and the entries shall respectively be substituted, namely:—
Sl. No. Taxable securities transaction Rate Payable by (1) (2) (3) (4) "4 (a) Sale of an option in securities 0.017 per cent Seller (b) Sale of an option in securities, where option is exercised 0.125 per cent Purchaser (c) Sale of a futures in securities 0.017 per cent Seller."; (ii ) in section 99, for clause (a), the following clause shall be substituted, namely:—
"(a) in the case of a taxable securities transaction relating to an option in securities, shall be—
(i ) the option premium, in respect of transaction at item ( a) of serial number 4 of the Table in section 98;
(ii ) the settlement price, in respect of transaction at item (b) of serial number 4 of the Table in section 98;".
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Section 124, The Finance Act, 2008.
Questions about Section 124
What does Section 124 of the Finance Act deal with?
Section 124 of the Finance Act is headed "Amendment of Act 23 of 2004". Amendment of Act 23 of 2004. 124. In the Finance (No.
How do I find court cases under Section 124 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2008 124, section 124 Finance Act 2008, section 124 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Finance Act enacted?
Finance Act was enacted in 2008. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
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- 2. Income-tax3309 words
- 32. Amendment of section 143692 words
- 28. Amendment of section 115WE591 words
- 18. Amendment of section 80-IB496 words
- 17. Substitution of new section for section 80D448 words
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