ITO Section 100B

Special provision relating to capital gain tax. —

(1) Capital gains on the disposal of listed securities and tax thereon [including super tax under section 4C], subject to section 37A, shall be computed, determined, collected, and deposited in accordance with the rules laid down in the Eighth Schedule.

(2) The provisions of sub-section (1) shall not apply to the following persons or class of persons, namely:
(a) a mutual fund;
(b) banking company, a non-banking finance company, and an insurance company subject to tax under the Fourth Schedule;
(c) a modaraba;
[d) a company, in respect of debt securities only; and]
(e) any other person or class of persons notified by the Board.