Taxation Interview Question:

Tell me which items fall under the category of securities?

Submitted by: Administrator

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.
☛ Rights or interest in securities.
Equity-oriented mutual funds (not debt-oriented mutual funds).
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