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of <h1>Amendment to Finance Act 2013: New Commodity Transaction Tax Rates Effective April 2020 for Derivatives and Options</h1> Clause 147 of the Bill proposes an amendment to section 117 of the Finance Act, 2013, effective from April 1, 2020. The amendment replaces the existing table with a new one detailing the rates of commodities transaction tax. The tax rates are specified for various transactions, including the sale of commodity derivatives and options. The seller is taxed at 0.01% for sales of commodity derivatives and 0.05% for options, while the purchaser is taxed at 0.0001% for exercised options leading to delivery and 0.125% for non-delivery settlements.
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