Income Tax Act 2023
Section 136 - Collection of tax from Transfer of sShare of Shareholders of Stock Exchanges
(as updated till Finance Act 2024)
(1) The Chief Executive of a Stock Exchange shall deduct tax at the rate of 15% (fifteen percent) on any profits and gains arising from the transfer of share of a shareholder of stock exchange established under Exchanges Demutualization Act, 2013 (Act No. XV of 2013) at the time of transfer or declaration of transfer or exchange of such share, whichever is earlier.
(2) For the purpose of the computation of profits and gains of share under sub-section (1), the cost of acquisition of such share incurred before Exchanges Demutualization Act, 2013 (Act No. XV of 2013) came into force shall be the cost of acquisition.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.