https://www.taxtmi.com/news?id=4835 Commodities Transaction Tax is imposed on non-agricultural commodity futures at the same rate as equity futures; trading in commodity derivatives will not be treated as speculative and CTT paid will be allowed as a deduction where income from such transactions forms part of business income. Agricultural commodities are expressly exempt from the levy. en-us Thu, 28 Feb 2013 13:47:14 +0530 Thu, 28 Feb 2013 13:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4835 Commodities Transaction Tax is imposed on non-agricultural commodity futures at the same rate as equity futures; trading in commodity derivatives will not be treated as speculative and CTT paid will be allowed as a deduction where income from such transactions forms part of business income. Agricultural commodities are expressly exempt from the levy. News - Thu, 28 Feb 2013 13:47:14 +0530 https://www.taxtmi.com/news?id=4835