Commodities Transaction Tax (CTT) - (New) Section 32(k) / (Old) Section 36(1)(xvi)

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....lly, it covers: • Securities Transaction Tax (STT) • Commodities Transaction Tax (CTT) Deduction is allowed only if BOTH conditions are satisfied: 1. Transactions must be business-related • The taxable securities or commodities transactions must be entered into in the course of business or profession • Example: share trading business, commo....

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....;Section 66(39) ] Under Section 36(1)(xvi) of the Income Tax Act, 1961 [ Upto 31.03.2026 ] • Any amount of CTT paid by the assessee during the previous year on the taxable securities commodities transactions entered into by him in course of his business is allowed as deduction if the income arising from such commodities are included under the head PGBP. • Thi....