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;”.