FOTaxation

Warning to Indian Investors: Is Your “Profit” Really Tax-Exempt

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Warning to Indian Investors: Is Your “Profit” Really Tax-Exempt

“₹7 lakh in trading gains, ₹74,000 tax hit.” Sounds like a bad dream, right? For thousands of Indian investors, it’s a brutal reality. Many are learning the hard way that a profit under ₹12 lakh doesn’t automatically mean tax exemption. Sujit Bangar, founder of TaxBuddy.com, recently highlighted a case that perfectly illustrates this common pitfall. … Read more

NRI or Resident: F&O Tax Rules are the Same (and You Need to Know Them

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NRI or Resident: F&O Tax Rules are the Same (and You Need to Know Them

Futures and Options (F&O) trading has seen a significant number of participants incur losses, with nearly 93% of traders facing an average loss of ₹2 lakh each in FY23 and FY24, according to SEBI. A common misconception among these traders is that F&O losses don’t need to be reported in their Income Tax Return (ITR). … Read more