Commodities transaction tax definitions specify taxable transactions, entities, and prescribed scope for levy and administration.

The Chapter defines the commodities transaction tax, designates the Assessing Officer and Appellate Tribunal, and defines a taxable commodities transaction as purchase or sale of options in goods, options in commodity derivatives, or other commodity derivatives traded in recognised associations; "prescribed" is by rules and undefined terms adopt meanings from the Forward Contracts (Regulation) Act, the Income-tax Act, or rules thereunder.

---

---

---