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NSE commodities segment gets recognition from CBDT, traders to get tax benefit
November 29, 2019 | By Moneycontrol.com
business
The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income.
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Leading bourse NSE on November 29 said it has received the approval as 'Recognized Association' from Central Board of Direct Taxes (CBDT) for its commodity derivatives segment, a move that will give tax benefit to traders. This comes after the exchange made
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