Tag «Commodity Transaction Tax»

Commodity Transaction Tax from June 1st – Umesh Shanmugam

India’s booming futures trade in commodities is likely to be tested soon, when the Government puts the proposed Commodities Transaction Tax (CTT) into effect. CTT will be levied on gold, silver and other non-agricultural commodities traded through commodities exchanges, once the Finance Ministry formally notifies the tax.The detailed notification is under preparation. While Ministry sources …