What items fall under the category of 'securities'?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohith asked almost 3 years ago

Hi I am Rohith. I am having doubt about taxation. May I know, What items fall under the category of 'securities'?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

Shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate Derivatives Units or any other instrument issued by any collective investment scheme to the investors in such schemes Security receipt as defined in Section 2(zg) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 HIMANSHU answered almost 3 years ago

Hello 'Securities' are defined under Section 2(h) of the Securities Contracts (Regulation) Act, 1956 (SCRA) to include: 1.Shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate 2. Derivatives 3. Units or any other instrument issued by any collective investment scheme to the investors in such schemes 4. Security receipt as defined in Section 2(zg) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 --------------------------- Such other instruments as declared by the central government; and Rights or interest in securities Equity-oriented mutual funds (not debt-oriented mutual funds) STT is not applicable in case of government securities, bonds, debentures and units of mutual fund other than equity oriented mutual fund.

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered almost 3 years ago

**'Securities'** are defined under Section 2(h) of the Securities Contracts (Regulation) Act, 1956 (SCRA) to include: * Shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate * Derivatives * Units or any other instrument issued by any collective investment scheme to the investors in such schemes * Security receipt as defined in Section 2(zg) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 * Such other instruments as declared by the central government; and * Rights or interest in securities * Equity-oriented mutual funds (not debt-oriented mutual funds) STT is not applicable in case of government securities, bonds, debentures and units of mutual fund other than equity oriented mutual fund.

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