## Report on Amendment to Securities Transaction Tax Rules, 2004
**1. Executive Summary:**
This report analyzes an amendment to the Securities Transaction Tax (STT) Rules, 2004, as published in the Gazette of India on January 18, 2022. The core purpose of this amendment is to incorporate insurance companies into the framework of entities responsible for the collection, payment, and reporting of securities transaction tax, particularly concerning equity-oriented funds within Unit Linked Insurance Policies (ULIPs). Key findings include the assignment of responsibility to managing directors or whole-time directors of insurance companies, the introduction of a new reporting form (Form No. 2A), and electronic filing requirements.
**2. Introduction:**
This report aims to provide an informative overview of the amendment to the Securities Transaction Tax Rules, 2004, as detailed in the provided government policy text. The analysis focuses on the key changes introduced by the amendment and their implications.
**3. Policy Overview:**
* **Original Policy:** This amendment modifies the Securities Transaction Tax Rules, 2004.
* **Core Objective(s):** Based on the provided text, the core objective of the amendment is to broaden the scope of the STT rules to include insurance companies, particularly concerning transactions related to equity-oriented funds linked to ULIPs, thereby ensuring the collection and reporting of STT on these transactions.
**4. Background and Rationale:**
The amendment appears to address a gap in the existing STT rules regarding the responsibilities of insurance companies concerning securities transactions within ULIPs, particularly those issued on or after February 1, 2021. The amendment likely seeks to ensure comprehensive STT collection and reporting across all relevant financial institutions, promoting greater tax compliance and revenue generation from securities transactions within the insurance sector.
**5. Key Provisions / Changes:**
This section details the specific changes introduced by the amendment:
* **Rule 5A (Insertion):** A new rule, 5A, is inserted after rule 5. This rule defines the person responsible for the collection and payment of STT in the case of insurance companies. This responsibility falls on the managing director or a wholetime director, as defined in clauses 54 and 94 of section 2 of the Companies Act, 2013, duly authorized by the Board of Directors.
* **Rule 6 (Substitution):** Rule 6 is substituted to explicitly include the managing director or a wholetime director of an insurance company (as defined above) as one of the entities responsible for paying STT to the Central Government. The effect of this change is to formally recognize insurance companies as entities legally obligated to collect and remit STT on applicable transactions.
* **Rule 7 (Amendment):**
* Clause (c) is inserted after clause (b) in subrule 1, requiring insurance companies to submit a return in Form No. 2A.
* Subrule 2 is substituted, mandating electronic filing of returns (Form No. 1, Form No. 2, and Form No. 2A) with either digital signature or electronic verification code.
* Subrule 3A is inserted, specifying that the return for insurance companies (mentioned in subrule 1) must be furnished by the managing director or a wholetime director, as defined earlier.
* These changes introduce a new reporting requirement and a specified electronic submission method for insurance companies, ensuring proper documentation and accountability.
* **Rule 8 (Amendment):** Clause (c) is inserted after clause (b), specifying that the return can be verified by the managing director or a whole-time director as defined earlier.
* **Appendix (Insertion):** A new form, Form No. 2A, is inserted into the appendix. This form is titled "Return of Taxable Securities Transactions for Insurance Company" and requires detailed information, including the insurance company's details, financial year, jurisdictional assessing officer, number of equity-oriented funds, value of taxable transactions, STT collected and payable, interest details, and client-specific information related to ULIPs. This introduces a specific reporting template for insurance companies to fulfill their STT obligations.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders are:
* Insurance companies offering Unit Linked Insurance Policies (ULIPs), particularly those with equity-oriented funds.
* Managing Directors and whole-time Directors of such insurance companies.
* The Central Board of Direct Taxes (CBDT).
* The Department of Revenue, Ministry of Finance.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Direct Taxes (CBDT) is responsible for overseeing the implementation. The Principal Director General of Incometax Systems or Director General of Incometax Systems is responsible for specifying procedures, formats, and standards for data capture, transmission, security, archival, and retrieval policies.
* **Timelines/Procedures:** The amendment comes into force from the date of its publication in the Official Gazette (January 18, 2022). Insurance companies are required to use Form No. 2A for reporting taxable securities transactions and must furnish returns electronically. No specific timelines are provided for the initial filing, but ongoing compliance is implied.
**8. Expected Outcomes / Impact of Changes:**
The intended outcome of these amendments is to:
* Improve STT compliance and collection from securities transactions related to ULIPs.
* Establish clear responsibility and accountability for STT obligations within insurance companies.
* Enhance transparency and reporting accuracy through the introduction of Form No. 2A and electronic filing requirements.
* Ensure that all applicable entities remit STT to the central government.
**9. Conclusion:**
The amendment to the Securities Transaction Tax Rules, 2004, represents a significant expansion of the STT framework to include insurance companies and their transactions related to equity-oriented ULIPs. By assigning specific responsibilities, introducing a dedicated reporting form, and mandating electronic filing, the amendment aims to improve compliance, collection, and transparency in the securities transaction tax regime. The amendment reflects an effort to capture all applicable tax revenue.
Key Entities Referenced
section 104: Section relating to Interest payable.
D. L.3300499: Registration number mentioned at the beginning of the document.
GIDH: Appears to be a code or identifier at the beginning of the document.
CGDLE18012022232716: Appears to be a code or identifier at the beginning of the document.
JANUARY 18, 2022: Date of the notification.
PAUSHA 28, 1943: Date in the Indian national calendar.
Finance No. 2 Act, 2004: The Act being amended by this notification.
23 of 2004: Act number of the Finance No. 2 Act, 2004
Securities Transaction Tax Rules, 2004: The rules being amended by this notification.
Securities Transaction Tax 1st Amendment, Rules, 2022: Title of the amendment rules.
Official Gazette: The gazette where the notification will be published.
Insurance Company: Refers to an insurance company, which is central to the amendment concerning collection and payment of securities transaction tax.
section 100 of the Act: Section of the Act related to the collection and payment of securities transaction tax.
Companies Act, 2013: Act defining the roles of managing director and wholetime director.
18 of 2013: Act number of the Companies Act, 2013
Board of Directors: The governing body of a company that authorizes certain actions.
Central Government: The government body making the rules.
Central Board of Direct Taxes: The department issuing the notification.
Ministry of Finance: The ministry under which the department falls.
Department of Revenue: The department under which the Central Board of Direct Taxes falls.
New Delhi: Place of issuance of the notification.
Reserve Bank of India: One of the banks where the tax can be remitted.
State Bank of India: One of the banks where the tax can be remitted.
Form No. 2A: New form to be used by Insurance Company for Return of Taxable Securities Transactions
Form No. 1: Form referred to in subrule 1 to be furnished electronically
Form No. 2: Form referred to in subrule 1 to be furnished electronically
Principal Director General of Incometax Systems: An authority responsible for specifying procedures and standards related to data transmission and security.
Director General of Incometax Systems: An authority responsible for specifying procedures and standards related to data transmission and security.
APPENDIX: The section of the rules where forms are listed, in this case where Form No. 2A is inserted.
Unit Linked Insurance Policies: Insurance Policies issued by the Insurance company on or after the first day of February, 2021
Notification No. 92022: Notification number for this rule.
F. No. 370142612021TPL: File number for this rule.
NEHA SAHAY: Name of the Under Secy.
S.O. 1059E: Original notification number for the principal rules.
28th September, 2004: Date of the original notification.
Government of India Press, Ring Road, Mayapuri, New Delhi110064: Location of the publishing press.
Controller of Publications, Delhi110054: Publisher of the gazette.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एxलxx.-GअID.E-1x8xx0 12022-232716
CG-DL-E-18012022-232716
ऄसाधारण
EXTRAORDINARY
भाग II—खण्ड 3—ईप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 25] नइ ददल्ली, मगं लिार, िनिरी 18, 2022/पौि 28, 1943
No. 25] NEW DELHI, TUESDAY, JANUARY 18, 2022/PAUSHA 28, 1943
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
ऄजधसचू ना
नइ ददल्ली, 18 िनिरी, 2022
सा.का.जन. 25(ऄ).—केंरीय सरकार जित्त जिधेयक (संख्या 2), ऄजधजनयम 2004, (2004 का 23) की धारा 114
द्वारा प्रदत्त िजियों का प्रयोग करते हुए, प्रजतभूजत लेनदने कर जनयम, 2004 में संिोधन करने के जलए जनम्नजलजखत जनयम
बनाती ह,ै ऄथाडत ्:─
1. संजक्षप्त नाम और प्रारंभ- (1) आन जनयमों का संजक्षप्त नाम प्रजतभूजत लने देन कर (पहला संिोधन), जनयम, 2022 ह।ै
(2) ये रािपत्र में ईनके प्रकािन की तारीख को प्रिृत्त होंगे।
2. प्रजतभूजत लने देन कर जनयम, 2004 (जिसे आसमें आसके बाद मूल जनयम कहा िाएगा) में जनयम 5 के पश्चात,् जनम्नजलजखत
जनयम ऄंतःस्ट्थाजपत दकया िाएगा, ऄथातड ्: -
"5क. बीमा कंपनी के मामल े म ें प्रजतभजू त लने दने कर के सग्रं हण और भगु तान के जलए ईत्तरदायी व्यजि.- बीमा कंपनी के
मामले म,ें ऄजधजनयम की धारा 100 की ईपधारा (2) (3) और (4) के ऄनुसार प्रजतभूजत लेनदेन कर के संग्रह और भुगतान
के जलए ईत्तरदायी व्यजि, आस संबंध में ऐसी कंपनी के जनदेिक मंडल द्वारा जिजधित ऄजधकृत (कंपनी ऄजधजनयम, 2013
(2013 का 18) की धारा 2 के खंड (54) और (94) में यथा पररभाजित, प्रबंध जनदिे क या पूणकड ाजलक जनदेिक होंगे।
3. मूल जनयमों म,ें जनयम 6 के स्ट्थान पर जनम्नजलजखत जनयम रखा िाएगा, ऄथाडत:्-
380 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“6. प्रजतभूजत लेनदने कर का भुगतान.- प्रत्येक मान्द्यता प्राप्त स्ट्टॉक एक्सचेंि, या प्रत्येक म्यूचुऄल फंड के न्द्यासी या
म्यूचुऄल फंड के मामलों का प्रबंधन करन े िाला ऐसा ऄन्द्य व्यजि िो आस संबंध में न्द्यासी द्वारा जिजधित ऄजधकृत हो, या
प्रबंध जनदेिक या एक पणू डकाजलक जनदेिक, िैसा दक कंपनी ऄजधजनयम, 2013 (2013 का 18) की धारा 2 के खंड (54)
और (94) में पररभाजित दकया गया ह,ै िो एक बीमा कंपनी के जनदेिक मडं ल द्वारा जिजधित प्राजधकृत है, ऄजधजनयम की
धारा 100 के ऄधीन जिसे एकत्र और प्रजतभूजत लेनदने कर का भुगतान करना अिश्यक ह ै करें, आस तरह के कर की राजि
को केंरीय सरकार के प्रत्यय को भारतीय ररििड बैंक या भारतीय स्ट्टेट बैंक या दकसी ऄजधकृत बैंक की दकसी भी िाखा म ें
भेिकर भुगतान करेगा।”।
4. मूल जनयम के जनयम 7 म,ें -
(i) ईप-जनयम (1) म,ें खंड (ख) के पश्चात,् जनम्नजलजखत खंड ऄतं :स्ट्थाजपत दकए िाएगं ,े ऄथाडत्: -
"(ग) बीमा कंपनी के मामले म,ें प्ररूप स.ं 2क में और ईसमें बताए गए तरीके से सत्याजपत होगा।";
(ii) ईपजनयम (2) के स्ट्थान पर जनम्नजलजखत ईपजनयम रखे िाएंगे, ऄथाडत्:-
"(2) ईप-जनयम (1) में जनर्ददष्ट प्ररूप सं. 1, प्ररूप सं. 2 और प्ररूप सं. 2क में जििरणी आलक्े रॉजनक रूप से जडजिटल
हस्ट्ताक्षर ऄथिा आलेक्रॉजनक सत्यापन कोड द्वारा प्रस्ट्तुत की िाएगी।
स्ट्पष्टीकरण: आस ईप-जनयम के प्रयोिनों के जलए "आलेक्रॉजनक सत्यापन कोड" का ऄथड है, अय की जििरणी प्रस्ट्ततु करन े
िाले व्यजि के आलेक्रॉजनक सत्यापन के प्रयोिन से ईत्पन्न कोड, िो दक अयकर के प्रधान महाजनदेिक (प्रणाली) या
अयकर महाजनदिे क (प्रणाली) द्वारा जनर्ददष्ट डाटा संरचना और मानकों के ऄनुसार ह।ै
(2क) प्रधान अयकर महाजनदिे क (प्रणाली) या अयकर महाजनदेिक (प्रणाली) अंकडों के सुरजक्षत एकजत्रत और
स्ट्थानांतरण को सुजनजश्चत करन े के जलए प्रदियाओं, प्रारूप जिधानों और मानकों को जनर्ददष्ट करेंगे और जिकजसत करन े के
जलए भी ईत्तरदायी होंग े और प्ररूप सं. 1, प्ररूप स.ं 2 और प्ररूप सं. 2क के जलए जििरणी प्रस्ट्तुत करन े के संबंध म ें
ईपयुि सुरक्षा, ऄजभलेखीय और पनु प्राडजप्त नीजतयों को लाग ूकरना।”;
(iii) ईप-जनयम (3) के पश्चात,् जनम्नजलजखत ईप-जनयम ऄतं ःस्ट्थाजपत दकया िाएगा, ऄथाडत्:-
“(3क) एक बीमा कंपनी के मामले म,ें ईप-जनयम (1) में संदर्भभत जििरणी प्रबंध जनदेिक या एक पूणडकाजलक जनदेिक
द्वारा प्रस्ट्तुत दकया िाएगा, िैसा दक आस संबंध म ें कंपनी के जनदेिक मडं ल द्वारा सम्यक् प्राजधकृत ,कंपनी ऄजधजनयम,
2013(2013 का 18) की धारा 2 के खंड (54) और (94) में पररभाजित दकया गया ह।ै ”।
5. मूल जनयमों म,ें जनयम 8 म,ें खंड (ख) के पश्चात ्जनम्नजलजखत खंड ऄंत:स्ट्थाजपत दकया िाएगा, ऄथाडत्: -
"(ग) कंपनी ऄजधजनयम, 2013 (2013 का 18) की धारा 2 के खंड (54) और (94) में यथा पररभाजित प्रबंध जनदेिक
या पूणडकाजलक जनदेिक द्वारा सम्यक् प्राजधकृत बीमा कंपनी के मामले में आस संबंध म ेंऐसी कंपनी के जनदेिक मंडल।"।
6. मूल जनयमों के पररजिष्ट म ेंप्ररूप संख्या 2 के पश्चात ्जनम्नजलजखत प्ररूप ऄतं ःस्ट्थाजपत दकया िाएगा, ऄथाडत:्-
"प्ररूप स.ं 2क
[प्रजतभजू त लने दने कर जनयम, 2004 का जनयम 7 दखे ]ें
बीमा कंपनी के जलए कर योग्य प्रजतभजू तयों के लने दने की जििरणी
िम सं.
1. बीमा कंपनी का नाम:
2. कंपनी ऄजधजनयम, 2013 के ऄधीन रजिस्ट्रीकरण/जनगमन की
तारीख जत जथ मा ह ि िड
3. स्ट्थायी खाता संख्या (पैन)
4. जित्तीय ििड जिसके जलए संव्यिहार की सूचना दी िा रही है[भाग II—खण् ड 3(i)] भारत का रािपत्र : ऄसाधारण 3
5. क्षेत्राजधकार जनधाडरण ऄजधकारी
6. आदिटी ईन्द्मुख जनजध की संख्या
7. कर योग्य प्रजतभूजतयों के संव्यिहार का मूल्य
8. कुल संग्रहणीय प्रजतभूजत संव्यिहार कर
9. एकजत्रत कुल प्रजतभूजत संव्यिहार कर
10. भुगतान दकया गया कुल प्रजतभूजत संव्यिहार कर
11. दये /िापसी योग्य प्रजतभूजत संव्यिहार कर
12. धारा 104 के ऄधीन दये ब्याि
13. भुगतान दकया गया ब्याि
14. फरिरी, 2021 के पहले ददन या ईसके पश्चात् बीमा कंपनी द्वारा िारी यूजनट बीमा पॉजलजसयों के संबंध में ईन्द्मुख जनजध
ईन्द्मुख जनजध का जििरण
िम आदिटी जनजध ईस व्यजि ईस व्यजि ईस व्यजि कर योग्य प्रजतभूजतयों प्रजतभूजत के
सं. ईन्द्मुख का का का नाम का पैन प्रजतभूजतयों के संव्यिहार
जनजध जिजिष्ट फोजलयो जिससे जिससे संव्यिहार संव्यिहारप संग्रहण कर
का मुिदिल नंबर आकाइयों आकाइयों का मूल्य र संग्रहणीय (रुपये में)
नाम कोड जिससे को खरीदा को खरीदा कर (रूपये
आकाइयों ह।ै ह।ै में)
को खरीदा
ह ै
1 2 3 4 5 6 7 8 9
15. स्ट्तंभ 4 में ईजल्लजखत जित्तीय ििड के जलए कर योग्य प्रजतभूजत संव्यिहार कर का माहिार जििरण
िम माह आदिटी जनजध का कर योग्य प्रजतभूजत प्रजतभूजत प्रजतभूजत धारा धारा
सं ईन्द्मुख जिजिष्ट प्रजतभूजत यों के कर यों के यों के कर 104 के 104 के
जनजध मुिदिल यों के संग्रहणीय एकत्र भुगतान ऄधीन ऄधीन
का कोड सव्यिहार संव्यिहार संव्यिहार संव्यिहार दये ब्याि भुगतान
नाम (रू. में) (रू. में) संग्रहण (रू. में) दकया
कर (रू. गया
में) ब्याि
1 2 3 4 5 6 7 8 9 10
कुल
16. प्रजतभूजत संव्यिहार कर/भुगतान दकए गए ब्याि का जििरण
कर/ब्याि (रुपये बैंक िाखा का बैंक िाखा का िमा करने की चालान राजि राजि (रुपये में)
में) नाम बीएसअर कोड तारीख की िम संख्या
11 12 13 14 15 164 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
सत्यापन
म,ैं ........ (पूरा नाम स्ट्पष्ट िब्दों में), ......... का पुत्र/पुत्री सत्यजनष्ठा से घोिणा करता/करती ह ं दक मेरी िानकारी और
जिश्वास के ऄनुसार आस जििरणी में दी गइ सूचना सही और पूणड ह ै और कर योग्य प्रजतभूजतयों के संव्यिहार का कुल मूल्य
और ईसमें ददखाए गए ऄन्द्य जििरण सही मायने में बताए गए ह ैं और जित्त जिधेयक, 2004(संख्या 2) के ऄध्याय 7 और
प्रजतभूजत संव्यिहार कर के ईपबंधों के जनयम, 2004 ऄनुसार ह।ैं .
मैं यह भी घोिणा करता/करती ह ं दक म ैं यह जििरणी ......... के रूप म ें ऄपनी हजै सयत स े कर रहा/रही ह ं और मैं आस
जििरणी को बनाने और आसे सत्याजपत करन े के जलए भी सक्षम ह।ं
तारीख: .........
स्ट्थान .........
(नाम और हस्ट्ताक्षर)
रटप्पण:-
1. आस प्ररूप का ईपयोग केिल एक बीमा कंपनी द्वारा दकया िाना चाजहए
2. पंजि 14 में ऄपेजक्षत जििरण बीमा कंपनी द्वारा स्ट्थाजपत प्रत्येक आदिटी ईन्द्मुख जनजध के जलए ऄलग से ददया िाए और
प्रत्येक जनजध का ईपयोग भी ददया िाए।
3. पंजि संख्या 15 में ऄपेजक्षत जििरण बीमा कंपनी द्वारा स्ट्थाजपत प्रत्येक आदिटी ईन्द्मुख जनजध के जलए प्रत्येक माह के जलए
ऄलग स ेददया िाए और प्रत्येक माह के जलए ईपयोग भी ददया िाए।
[ऄजधसूचना संख्या 9/2022/फा. सं. 370142/61/2021-टीपीएल]
नेहा सहाय, ऄिर सजचि
रटप्पण : मूल जनयम भारत के रािपत्र, ऄसाधारण, भाग-II, खंड 3, ईप-खंड (ii) में ऄजधसूचना संख्या का.अ. 1059(ऄ),
तारीख 28 जसतम्बर, 2004 में प्रकाजित दकया गया था।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 18th January, 2022
G.S.R. 25(E).— In exercise of the powers conferred section 114 of the Finance (No. 2) Act,
2004, (23 of 2004), the Central Government hereby makes the following rules to amend the
Securities Transaction Tax Rules, 2004, namely:─
1. Short title and commencement. - (1) These rules may be called the Securities Transaction Tax
(1st Amendment), Rules, 2022.
(2) They shall come into force from the date of their publication in the Official Gazette.
2. In the Securities Transaction Tax Rules, 2004 (hereinafter referred to as the principal rules), after
rule 5, the following rule shall be inserted, namely:—
“ 5A.Person responsible for collection and payment of securities transaction tax in case of Insurance
Company.- In the case of an insurance company, the person responsible for collection and payment of
securities transaction tax in accordance with sub-sections (2), (3) and (4) of section 100 of the Act, shall be
the managing director or a whole-time director, as defined in clauses (54) and (94) of section 2 of the
Companies Act, 2013 (18 of 2013), duly authorised by the Board of Directors of such company in this
behalf.”.[भाग II—खण् ड 3(i)] भारत का रािपत्र : ऄसाधारण 5
3. In the principal rules, for rule 6, the following rule shall be substituted, namely: -
“ 6. Payment of securities transaction tax.- Every recognised stock exchange, or the trustee of every Mutual
Fund or such other person managing the affairs of the mutual fund as may be duly authorised by the trustee
in this behalf, or the managing director or a whole-time director, as defined in clauses (54) and (94) of
section 2 of the Companies Act, 2013 (18 of 2013), duly authorised by the Board of Directors of an
insurance company, who is required to collect and pay securities transaction tax under section 100 of the
Act, shall pay the amount of such tax to the credit of the Central Government by remitting it into any
branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank accompanied
by a securities transaction tax challan.”.
4. In the principal rules, in rule 7, —
(i) in sub-rule (1), after clause (b), the following clause shall be inserted, namely:—
“ (c) in the case of an insurance company, be in Form No. 2A and be verified in the manner indicated
therein.”;
(ii) for sub-rule (2), the following sub-rules shall be substituted, namely:—
“(2) The return in Form No. 1, Form No. 2 and Form No. 2A referred to in sub-rule (1) shall be
furnished electronically either under digital signature or electronic verification code.
Explanation.—For the purposes of this sub-rule "electronic verification code" means a code
generated for the purpose of electronic verification of the person furnishing the return of income as
per the data structure and standards specified by Principal Director General of Income-tax
(Systems) or Director General of Income-tax (Systems).
(2A) The Principal Director-General of Income-tax (Systems) or Director-General of Income-tax
(Systems) shall specify the procedures, formats and standards for ensuring secure capture and
transmission of data and shall also be responsible for evolving and implementing appropriate
security, archival and retrieval policies in relation to furnishing the returns in Form No. 1, Form
No. 2 and Form No. 2A.”;
(iii) after sub-rule (3), the following sub-rule shall be inserted, namely:—
“(3A) In case of an insurance company, the return referred to in sub-rule (1) shall be furnished by
the managing director or a whole-time director, as defined in clauses (54) and (94) of section 2 of
the Companies Act, 2013 (18 of 2013), duly authorised by the Board of Directors of such company
in this behalf.”.
5. In the principal rules, in rule 8, after clause (b) the following clause shall be inserted, namely:—
“(c) in the case of an insurance company by the managing director or a whole-time director as defined in
clauses (54) and (94) of section 2 of the Companies Act, 2013 (18 of 2013) a duly authorised by the Board
of Directors of such company in this behalf.”.
6. In the principal rules, in the APPENDIX, after Form No. 2, the following Form shall be inserted,
namely: —
“FORM NO. 2A
[See rule 7 of Securities Transaction Tax Rules, 2004]
Return of Taxable Securities Transactions for Insurance Company
S.No
1. Name of the Insurance Company:
2. Date of Registration/Incorporation under the
Companies Act, 2013 d d m m y y y y6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
3. Permanent Account Number (PAN)
4. Financial Year for which transaction is being reported
5. Jurisdictional Assessing Officer
6. Number of equity oriented funds
7. Value of taxable securities transactions
8. Total securities transaction tax collectible
9. Total securities transaction tax collected
10. Total securities transaction tax paid
11. Securities transaction tax payable/refundable
12. Interest payable under section 104
13. Interest paid
14. Details of Equity Oriented Funds with respect to Unit Link ed Insurance Policies issued by the
Insurance company on or after the first day of February, 2021
S.No Name Unique Folio Name of PAN of Value of Securities Securities
of Client number person person taxable transaction transaction
equity Code of person from from securities tax tax
oriented of the from whom whom transaction Collectible collected
fund fund whom units units (in Rs.) (in Rs.) (in Rs.)
units purchased purchased
purchased
1 2 3 4 5 6 7 8 9
15. Month wise details of taxable securities transaction tax for the FY mentioned in column 4
S.No Month Name Unique Value of Securities Securities Securities Interest Interest
of Client taxable transaction transaction transaction payable paid
equity Code securities tax tax tax Paid under under
oriented of the transaction Collectible collected (in Rs.) section section
fund fund (in Rs.) (in Rs.) (in Rs.) 104 104
1 2 3 4 5 6 7 8 9 10
Total
16. Details of securities transaction tax/interest paid
Tax/Interest (In Name of the BSR code of Date of deposit Serial No. of Amount (In
Rs.) bank branch the bank branch Challan Rs.)
11 12 13 14 15 16[भाग II—खण् ड 3(i)] भारत का रािपत्र : ऄसाधारण 7
VERIFICATION
I, ........... (full name in block letters), son/ daughter of ............ solemnly declare that to the best of my
knowledge and belief the information given in this return is correct and complete and that the total value of
taxable securities transactions and other particulars shown therein are truly stated and are in accordance
with provisions of Chapter VII of the Finance (No.2) Act, 2004 and the Securities Transaction Tax Rules,
2004.
I further declare that I am making this return in my capacity as ......... and I am also competent to make this
return and verify it.
Date: .........
Place .........
(Name and Signature)
NOTES:-
1. This Form must be used by a Insurance Company Only
2. Details required in Row 14 may be given separately for each equity oriented fund set up by the
insurance company and sub-total of each fund be also given.
3. Details required in Row No. 15 may be given separately for each month for each equity oriented
fund set up by insurance company and sub-total for each month be also given.”.
[Notification No. 9/2022/F. No. 370142/61/2021-TPL]
NEHA SAHAY, Under Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-
section (ii) vide notification number S.O. 1059(E), dated the 28th September, 2004.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.