As per section 43(5)(e) an eligible transaction in respect of trading in commodity derivatives carried out in a recognized association is not deemed to be a speculative transaction if commodity transaction tax is chargeable. This requirement of chargeability of commodity transaction tax is not applicable in case of:
A. Agricultural Commodity derivatives
B. Metal commodity derivatives
C. All Non-agricultural derivatives
D. None of the above.
Answer:A
As per section 43(5)(e) an eligible transaction in respect of trading in commodity derivatives carried out in a recognized association is not deemed to be a speculative transaction if commodity transaction tax is chargeable. This requirement of chargeability of commodity transaction tax is not applicable in case of:
A. Agricultural Commodity derivatives B. Metal commodity derivatives C. All Non-agricultural derivatives D. None of the above.