https://www.taxtmi.com/acts?id=17909 Section 116 defines the operative terms for the Chapter imposing Commodities Transaction Tax. It designates the Appellate Tribunal, Assessing Officer and Board by statutory cross reference, clarifies that "prescribed" means rules under the Chapter, defines "commodity derivative" to include non ready delivery contracts and contracts for differences tied to goods, related services or weather events, and defines "taxable commodities transaction" to cover sale of commodity derivatives, sales based on prices or indices of commodity derivatives, and options on such derivatives or options in goods for non agricultural commodities traded on recognised stock exchanges. en-us Wed, 15 May 2013 10:23:25 +0530 Thu, 20 Nov 2025 12:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17909 Section 116 defines the operative terms for the Chapter imposing Commodities Transaction Tax. It designates the Appellate Tribunal, Assessing Officer and Board by statutory cross reference, clarifies that "prescribed" means rules under the Chapter, defines "commodity derivative" to include non ready delivery contracts and contracts for differences tied to goods, related services or weather events, and defines "taxable commodities transaction" to cover sale of commodity derivatives, sales based on prices or indices of commodity derivatives, and options on such derivatives or options in goods for non agricultural commodities traded on recognised stock exchanges. Act-Rules F. Acts / Amendment Acts Wed, 15 May 2013 10:23:25 +0530 https://www.taxtmi.com/acts?id=17909