Business Standard

Tax benefits for traders as CBDT approves NSE's commodity derivatives

Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains

tax, taxpayers, GST

BS Reporter Mumbai
The National Stock Exchange of India Ltd (NSE) been approved as a ‘Recognized Association’ by the Central Board of Direct Taxes (CBDT) for commodity derivatives trading, joining all other exchanges offering the product. In fact, the other bourses had long ago been accorded this status, which allows traders to set off losses in commodity derivatives against their business gains.

However, NSE has not indicated when the recognition for the purpose of tax benefit will be effective and has only said that the status is subject to the fulfillment of specified conditions set by CBDT. The exchange's commodity derivatives segment was

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First Published: Nov 29 2019 | 6:57 PM IST

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