Bad news for FnO traders

[Wealth is my birth right!]

doesn't give a flying F**k about any lower/upper middle class and openly said it's a sleeping partner.
Let alone Powell said this, the Dow would have crashed 15% that day.
I think investors in India are now immune to the FM 😛

Yes lot of ppl expected a change on FM but election results are disappointing lol

 

[Deleted member 11974]

🚨Major Tax Update for futures and options traders

Government is considering to include FnO in speculative transactions. Also TDS on FnO transaction is under consideration.

Source - Financial Express

Link - https://www.financialexpress.com/money/fampo-transactions-may-attract-higher-tax-rate-3529354/

it is not a disappointing news for 89% of the traders as they are loss making
so not something for them to worry about

 

[SSV]

Futures and Options are only allowed for big stocks and indices anyway and we already have so called "upper and lower circuits".

This is a very valid question ...

Futures and Options are the checks and balances of the market so how is it good from the long term perspective ?

This is correct in one point of view...

In developed markets retail investors participate through the derivatives market. Indian markets don't even have a proper derivatives market thanks to govt interference.

The proeblem here is, India is not a developed market yet.. and yes all these regulations are somewhat disheartening for a professional individual trader...
but looking at the very high level macro view, there are still a lot of not so well informed traders / investors those are participating in big numbers in current scenario .. that is where the govt is trageting now..

All your points are valide wen we have majority of the retail investor who understands the risks of F and O segment..
Again as I said before, GOvt is not banning FnO, but it is considering how to make modification to the IT rules applied to this particular segment ..


Ayway each country will have their set of rules in IT considering their own local people's financial behaviour.. we can't really compare developed markets with India and I am a citizen of a developed nation..

 

[JAM]

All your points are valide wen we have majority of the retail investor who understands the risks of F and O segment..
Again as I said before, GOvt is not banning FnO, but it is considering how to make modification to the IT rules applied to this particular segment ..

Sure. A couple of other points I would like to add is that the brokers already do check and only allow people with a certain amount of money to activate their FnO section.
Participation in the stock market and FnO is only being done by people who are financially well of. I don't remember the current number but the last time I checked 95% + of Indians don't participate in the market anyway so who is this move trying to protect ?
By preventing or de-incentivizing people from participating it has a larger negative effect on the market itself.

 

[Deleted member 26954]

it is not a disappointing news for 89% of the traders as they are loss making
so not something for them to worry about

It is a perception which is created to keep retail traders out of market by creating fear

 

[Deleted member 11974]

It is a perception which is created to keep retail traders out of market by creating fear

lol
if you are making money i wish you all the best
i have seen people going under debt to make money in fno

 

[Deleted member 11974]

while incresasing tax rates and stt doesnt make sense with protecting retail
it is definately true that retail loses money in fno

 

[Deleted member 26954]

lol
if you are making money i wish you all the best
i have seen people going under debt to make money in fno

In any field, if anyone jumps without knowledge then that person will definitely lose...Naach na jaane aangan tedha.

 

[SamPtnk]

Jis hath govt ko khila raha hai usi ko katne ja rahe ye log .

Sare discount brokers ka dukaan bandh ho jai ga if people stop trading in Futures

Some tell the non onion eating RM that Cash Market is minuscule compared to Futures market

Speculative - What a joke so now people cant offset their losses against other business .

Instead of pulling this kind of shit they could have made those 2-3L course on BSE , NSE free for retail awareness

No wonder there is a rise in course scam people fall for 20-40K

 

[moneyMaker]

Government is considering to include FnO in speculative transactions. Also TDS on FnO transaction is under consideration.

So I can't put this in 44ADA now? 🫠