ITO Section 100B

Special provision relating to capital gain tax.

(1) Capital gains on 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.]