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<h1>Finance Act Amendments: Revised Tax Rates for Commodity Derivatives Transactions Effective April 2020 Under Section 117</h1> Section 117 of the Finance Act, 2013, as amended by the Finance Act, 2020, revises the table of taxable commodities transactions effective from April 1, 2020. The table specifies the tax rates for various transactions involving commodity derivatives. The tax rate for the sale of commodity derivatives and options is set at 0.01% and 0.05%, respectively, payable by the seller. When options on commodity derivatives are exercised, the tax rate is 0.0001% for the purchaser. If the option in goods results in non-delivery, the tax rate is 0.125% for the purchaser.