<h1>Finance Bill 2014 Amends Speculative Transaction Definition for Commodity Derivatives u/s 43; Retroactive From April 2014.</h1> The Finance (No. 2) Bill, 2014 proposes an amendment to the definition of speculative transactions concerning commodity derivatives. The existing law, under section 43, excludes certain transactions from being deemed speculative. The Finance Act, 2013 introduced a commodities transaction tax on non-agricultural commodity derivatives, leading to an amendment that transactions in recognized associations, subject to this tax, are not speculative. The proposed change clarifies that eligible transactions liable to this tax are excluded from being speculative. This amendment is retroactive from April 1, 2014, affecting the assessment year 2014-15 and onwards.