Commodity Transaction Tax (CTT)

Tax Glossary Definition

Commodity Transaction Tax (CTT)

Commodity Transaction Tax (CTT) – The Commodity Transaction Tax (CTT) is a levy applicable to transactions involving the sale of commodity futures on recognized exchanges in India. It operates on the same principle as the Securities Transaction Tax (STT) in the equity market and is intended to ensure proper regulation and revenue collection from commodity trading activities.

Example: When a trader sells a gold futures contract on the Multi Commodity Exchange (MCX), a small percentage of the trade value is charged as CTT.

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