Chapter VII of Finance Act, 2008 - Commodities Transaction Tax

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..... modities transactions entered in a recognized association. Originally, it defined Taxable commodities transaction to mean a transaction of purchase or sale in a recognised association of (i) option in goods; or (ii) option in commodity derivative; or (iii) any other commodity derivative. The tax is levied at the prescribed rate, on taxable commodities transactions undertaken by the seller or the p .....

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