What is the tax to be paid for F&O trades?
Hello friends lets understand most complicated subject for F&O traders F&O income may start getting the same tax treatment as lotteries and cryptocurrencies. Currently, income from F&O transactions is treated as a business income and taxed according to in come slab slabs of 5%,20%, 30% What is the tax to be paid for F&O trades? Income from trading in F&O (both intraday or overnight) on all the recognized exchanges (such as NSE, BSE, MCX etc) is considered as non-speculative business income f&O TRADE. is reported under the head ‘Business’ in Income Tax Return (“ITR”) and information is given as per the frequency or volumes of trades done. What is the turnover in derivatives? Turnover is calculated as the difference of total of positive and negative values for Futures segment. It makes no difference, whether the difference is positive or negative. These values are aggregated and the turnover is calculated. With respect to Options, Premium is to be includ