Info on Commodities Transaction Tax

Info on Commodities Transaction Tax

This application contains all information related to Commodities transaction tax. The Commodities transaction tax is a tax similar to Securities Transaction Tax (STT)- levied in India, on transactions done on the domestic commodity derivatives exchanges. It was stipulated that transactions carried out in a recognized commodity exchange located in an international Financial center, where the payments are carried out in terms of foreign currency, would be exempt from the payment of CTT.

After going through the contents given in this application, you will become very much aware about the Commodities Transaction Tax. The concept of CTT was first introduced in the Union Budget. The Government had then proposed to impose a commodities transaction tax. However it was withdrawn subsequently as the market was nascent then and in position of transaction tax might have advertently affected the growth of organized commodities derivatives markets in India.

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