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Budget 2024: Higher income tax on F&O trading income and a TDS on trading will necessitate taxpayers to revisit their tax plan

By Economic Times - 2 months ago
Budget 2024: Under the current Income-tax Act, 1961, F&O trading has been specifically excluded from the definition of "speculative transaction". Hence, if F&O trading by individuals is categorized as 'speculative business income'.

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