CAUTION:
This is intended for beginner traders.
If you happen to trade F&O and made a loss in this FIN YEAR, you'll have to file your tax as a business. It's very complicated to file the tax form for this and you can't carry forward your losses to the next FY. If you want to CF, you'll need to get audit from a CA which will cost you around 20,000/- Which is not sensible unless your losses are more than 20,000.
So it might be better not to dabble in F&O unless you know what you're doing and are well-versed in the related taxation procedures.
F&O are also extremely volatile.
This is intended for beginner traders.
If you happen to trade F&O and made a loss in this FIN YEAR, you'll have to file your tax as a business. It's very complicated to file the tax form for this and you can't carry forward your losses to the next FY. If you want to CF, you'll need to get audit from a CA which will cost you around 20,000/- Which is not sensible unless your losses are more than 20,000.
So it might be better not to dabble in F&O unless you know what you're doing and are well-versed in the related taxation procedures.
F&O are also extremely volatile.
