How do F&O traders reduce their tax liability?
Why Not Mint Money
English - November 08, 2023 13:24 - 21 minutes - 19.7 MBInvesting Business stock market inida business news beer biceps finance financial podcast financial advice financial service company money matters money talks investment livemint podcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: How inflation impacts fixed income investments?
Next Episode: Should you buy ULIPs masquerading as MFs
Since F&O income is considered business income in taxation, most traders resort to section 44-AD of the Income Tax Act to file their taxes. CA Naveen Wadhwa, Vice President at Taxmann discusses with Aprajita Sharma of Mint Money why this practice falls under tax evasion. He says the Income Tax Department may send notices and levy penalties if it finds a major difference between the tax liability and the total tax paid. Tune in now for expert tips!!