Commodity Transaction Tax

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....ommodity Transaction Tax<br> Query (Issue) Started By: - Ashutosh Chhawchharia Dated:- 14-3-2013 Last Reply Date:- 20-3-2013 Income Tax<br>Got 1 Reply<br>Income Tax<br>Whether Commodity Transaction to....

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.... be treated as Speculative or Non Speculative Transaction? Reply By CA. Surender Gupta: The Reply: Mr. FM in his budget speech says: There is no distinction between derivative trading in the securi....

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....ties market and derivative trading in the commodities market, only the underlying asset is different. It is time to introduce Commodities Transaction Tax (CTT) in a limited way. Hence, I propose to le....

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....vy CTT on non-agricultural commodities futures contracts at the same rate as on equity futures, that is at 0.01 percent of the price of the trade. Trading in commodity derivatives will not be consider....

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....ed as a 'speculative transaction' and CTT shall be allowed as deduction if the income from such transaction forms part of business income. As I said, agricultural commodities will be exempt.<br> Discu....

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