Diffrent taxes applicable on derivatives
This query is : Resolved
24 October 2024
whats are taxes applicable on derivative such as
F&O - Securities Transaction Taxes
Currency - ?
Commodities - Commodities transaction taxes.
Please reply what are taxes applicable on Currency .
F&O - Securities Transaction Taxes
Currency - ?
Commodities - Commodities transaction taxes.
Please reply what are taxes applicable on Currency .
Dhirajlal Rambhia
(Expert)
26 October 2024
Securities Transaction Tax (STT)
Futures: 0.017% (0.017% of the transaction value)
Options: 0.125% (0.125% of the premium value)
Goods and Services Tax (GST)
18% GST on brokerage charges
Income Tax
Business income: Taxed as business profits ( slab rates apply)
Other Taxes
Stamp Duty: Varies by state (typically 0.015% to 0.05%)
SEBI Turnover Fees: ₹1.77 per ₹1 crore turnover
Futures: 0.017% (0.017% of the transaction value)
Options: 0.125% (0.125% of the premium value)
Goods and Services Tax (GST)
18% GST on brokerage charges
Income Tax
Business income: Taxed as business profits ( slab rates apply)
Other Taxes
Stamp Duty: Varies by state (typically 0.015% to 0.05%)
SEBI Turnover Fees: ₹1.77 per ₹1 crore turnover
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