Laws / Income Tax Law / 53BBB

53BBB - Collection of tax from Member of Stock Exchanges

53BBB. Collection of tax from Member of Stock Exchanges.— The Chief Executive Officer of a stock exchange shall collect tax at the rate of 0.05% on the value of shares and mutual funds transacted by a member of a stock exchange and at the rate of 10% on the commission received or receivable by a member of a stock ex...

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