Income-tax Act amendment adds definition of commodity derivative and commodities transactions tax, effective April 1, 2026.

Clause 33 substitutes clause (4) of section 66 to define commodities transactions tax and commodity derivative by reference to Chapter VII of the Finance Act, 2013, and provides that the substitution takes effect from 1 April 2026, applying to the tax year 2026-2027 and thereafter.

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