# The Finance Act, 2020, Section 149: Amendment of Section 117

- Act: The Finance Act, 2020
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2020/section/149/

## Text

Amendment of section 117. 149. In section 117 of the principal Act, for the Table, the following Table shall be substituted with effect from the 1st day of April, 2020, namely:— "TABLE Sl. No. | Taxable commodities transaction | Rate | Payable by (1) | (2) | (3) | (4) 1. | Sale of commodity derivative | 0.01 per cent | seller 2. | Sale of commodity derivatives based on prices or indices of prices of commodity derivatives | 0.01 per cent | seller 3. | Sale of option on commodity derivative | 0.05 per cent | seller 4. | Sale of option in goods | 0.05 per cent | seller 5. | Sale of option on commodity derivative, where option is exercised | 0.0001 per cent | purchaser 6. | Sale of option in goods, where option is exercised resulting in actual delivery of goods | 0.0001 per cent | purchaser 7. | Sale of option in goods, where option is exercised resulting in a settlement otherwise than by the actual delivery of goods | 0.125 per cent | purchaser.".

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