Amendment of section 116.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... section 116, with effect from the 1st day of April, 2020,- ( a ) in clause ( 7 ), for the words sale of commodity derivatives or option on commodity derivatives in respect of commodities, other than agricultural commodities, traded in recognised associations , the words sale of commodity derivatives or sale of commodity derivatives based on prices or indices of p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tion defines taxable commodities transaction . It is proposed to amend the said clause so as to insert the expressions sale of option in goods, and sale of commodity derivatives based on prices or indices of prices of commodity derivatives within the ambit of said definition. It is further proposed to amend clause (8) of the said section so as to substitute the expressions Forward Contracts .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X