Commodity Transaction Tax

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..... Whether Commodity Transaction to 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 b .....

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..... etween derivative trading in the securities market and derivative trading in the commodities market, only the underlying asset is different. It is time to introduce Commodities Transaction Tax (CTT) .....

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..... in a limited way. Hence, I propose to levy 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 .....

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..... in commodity derivatives will not be considered 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, agric .....

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..... ultural commodities will be exempt. - Commodity Transaction Tax - Query Started By: - Ashutosh Chhawchharia Dated:- 14-3-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge S .....

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..... haring, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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