Budget 2024: Why crypto F&O investors are happy – No STT, no TDS, no 30% tax
Budget 2024 increased the Securities Transaction Tax (STT) on all futures and options (F&O) contracts traded on recognised stock exchanges.
Tag: Futures and options (F&O)
F&O transactions may attract higher tax rate
The government is considering various options to discourage retail participation in the futures and options (F&O) segment. The proposed steps 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, sources in the know said.