🚨Another Blow for Indian Traders🇮🇳
👉 The government is considering various options to discourage retail participation in the futures and options (F&O) segment.
👉 The government may include moving F&O from the head of ‘business income’ to ‘speculative income’ and/or also introducing a tax-deductible-at-source (TDS) in the upcoming Budget🤯
👉 Income from F&O is added to business/salary income and taxed as per the applicable slabs of 5%, 20% and 30%,
👉 In the 2023-24 Budget, the government has introduced TDS on crypto currencies as well as liberalised remittance scheme (LRS).
