Commodities Transaction Tax Rules, 2013
Effective Date
|
1st day of July, 2013.
|
Agricultural Commodities
|
(i) Almond
(ii) Barley
(iii) Cardamom
(iv) Castor Seed
(v) Channa/Gram
(vi) Copra
(vii) Coriander/Dhaniya
(viii) Cotton
(ix) Cotton seed Oilcake/Kapasia Khali
(x) Guar Seed
(xi) Isabgul Seed
(xii) Jeera (Cumin Seed)
(xiii) Kapas
(xiv) Maize Feed
(xv) Pepper
(xvi) Potato
(xvii) Rape/Mustard Seed
(xviii) Raw Jute
(xix) Red Chilli
(xx) Soya bean/seed
(xxi) Soymeal
(xxii) Turmeric
(xxiii) Wheat
|
Value of taxable commodities transaction, commodities
transaction tax, etc.
|
To be Rounding off
to
the nearest rupee
|
Payment of commodities transaction tax
|
Through any authorised Bank accompanied by a commodities
transaction tax challan
|
Return of taxable commodities transactions
|
In Form No. 1
|
Modes
|
1. In paper form
2. Electronically under digital sign.
|
In case return is submitted in paper form
|
schedules to form 1 to be submitted on a computer media
(a) the
computer media conforms to the following specifications:-
(i) CD
ROM of 650 MB capacity or higher capacity; or
(ii)
Digital Video Disc;
(b) if
the data relating to the Schedules are copied using data compression or
backup software utility, the corresponding software utility or procedure for
its decompression or restoration shall also be furnished; and
(c) the
return shall be accompanied by a certificate regarding clean and virus free
data.
|
Due date
|
On or
before the 30th June immediately following that financial year.
|
Signed by
|
(i) in
case of a company, by the managing director or a director thereof; and
(ii) in
any other case, by the principal officer thereof.
|
For applicable forms click below
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