CBDT recognizes BSE as 'recognized association' u/s 43(5) for commodity derivatives transactions

Feb 11,2019

CBDT notifies Bombay Stock Exchange as 'recognized association' in terms of clause (iii) in Explanation to clause (e) of the proviso to Sec 43(5); As per relevant provision, eligible transaction in respect of trading in commodity derivatives carried out in a 'recognized association', which is chargeable to commodities transaction tax is not treated as speculative transaction u/s 43(5); BSE to be treated as recognized association w.e.f. 01.10.2018 (the date of comm...

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