What's your view about the sensex weekly expiry tomorrow ?
Anonymous Poll
75%
Bullish 🐂
0%
Bearish 🐻
25%
Neutral 😐
#BREAKING
🔸F&O transactions may attract higher tax rates
- Govt planning to bring F&O income into “speculative income”. It is considered as “business income” as of now.
- Speculative income means we have to pay straight 30% tax on the gains. It also means that losses from F&O can only get offset against gains from F&O.
- Govt could also introduce TDS (Tax deductible at source) on F&O transaction.
Source - The Financial Express
🔸F&O transactions may attract higher tax rates
- Govt planning to bring F&O income into “speculative income”. It is considered as “business income” as of now.
- Speculative income means we have to pay straight 30% tax on the gains. It also means that losses from F&O can only get offset against gains from F&O.
- Govt could also introduce TDS (Tax deductible at source) on F&O transaction.
Source - The Financial Express