https://www.taxtmi.com/acts?id=8732 A commodities transaction tax is charged on the value of specified taxable commodities transactions including sales of options in goods, options in commodity derivatives, and other commodity derivatives. The provision allocates tax liability to the seller or the purchaser according to the transaction class, with the purchaser liable when an option is exercised and the seller generally liable for sales of options and other commodity derivatives, and prescribes distinct percentage rates for each transaction category. en-us Fri, 02 May 2008 10:39:02 +0530 Wed, 07 May 2008 09:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8732 A commodities transaction tax is charged on the value of specified taxable commodities transactions including sales of options in goods, options in commodity derivatives, and other commodity derivatives. The provision allocates tax liability to the seller or the purchaser according to the transaction class, with the purchaser liable when an option is exercised and the seller generally liable for sales of options and other commodity derivatives, and prescribes distinct percentage rates for each transaction category. Act-Rules F. Acts / Amendment Acts Fri, 02 May 2008 10:39:02 +0530 https://www.taxtmi.com/acts?id=8732