Most F&O traders are getting wrecked on taxes without even knowing it.
You're probably paying 30% flat on every rupee of profit. Wrong.
F&O gains = business income. That means:
• Taxed at slab rates (not flat 30%)
• You can deduct expenses
• Carry forward losses
Stop overpaying. Know the rules or get rekt by the taxman.
Full breakdown with @CoinDCX
You're probably paying 30% flat on every rupee of profit. Wrong.
F&O gains = business income. That means:
• Taxed at slab rates (not flat 30%)
• You can deduct expenses
• Carry forward losses
Stop overpaying. Know the rules or get rekt by the taxman.
Full breakdown with @CoinDCX