News & Media 30th Jul 2024
The Union Budget 2024 increased the Securities Transaction Tax (STT) on all futures and options (F&O) contracts traded on recognised stock exchanges. However, this is not applicable to cryptocurrency F&O transactions. Added to this, some crypto exchanges have taken the stance that no tax deducted on source (TDS) is to be levied on crypto F&O transactions.
ET Wealth’s Neelanjit Das writes on “Budget 2024: Why crypto F&O investors are happy – No STT, no TDS, no 30% tax” with insights from our Partner Nishant Shah.
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