Is there any tax or TDS on INR Margin Futures?

There is no TDS applicable on INR-M Futures trading since all transactions are carried out in INR and do not involve any Virtual Digital Asset (VDA). As VDAs are not involved, the flat 30% tax does not apply. Instead, any profits earned are taxed according to the applicable income tax slab.

 

It is the user’s responsibility to compute and pay Income Tax or Advance Tax as required under the Income Tax Act.