Published Paper Details:

ABSTRACT The futures and options (F&O) market plays a pivotal role in modern financial systems, offering investors tools for hedging, speculation, and portfolio diversification. This study examines the structure, functioning, and economic significance of the F&O market, with a particularfocusonthetaxationpoliciesthatgovernit.Throughadetailedanalysisofregulatory frameworks and tax treatment of F&O transactions, the study explores how tax policies influence investor behavior, market participation, and compliance burdens. Drawing on empirical data and case studies, the research highlights the challenges of classifying F&O income,theimplicationsoftaxreportingrequirements,andtheeffectsofrecentpolicychanges. Thepaperalsoassessestheadequacyofcurrenttaxregulationsinpromotingtransparencyand efficiency, while ensuring equitable tax collection. By bridging the gap between financial innovation and tax policy, this study provides actionable insights for policymakers, investors, and tax practitioners navigating the evolving landscape of derivative markets. Futures and Options (F&O)