Section 105 - Value of taxable commodities - Finance Act, 2008

Value of taxable commodities 105. The value of a taxable commodities transaction specified under column (2) of the Table in section 104 shall, with reference to such transactions— (a) against serial number 1, be the option premium; (b) against serial number 2, be the settlement price of the option in goods or option in commodity derivative, as the case may be; (c) against serial number 3, be the price at which the commodity derivative is sold.