How much TDS is applicable on margin orders with leverage? – CoinDCX

Effective margin amount will be : Margin based on leverage + Margin required for TDS

Margin required for TDS will be 1% of total order value while opening and closing the position.

This implies that effective margin can increase by upto 20% to account for TDS. Let's take an example of 10x leverage of 10,000 USDT Margin order:

Before July 01, 2022	After July 01, 2022
Margin required : 1000 USDT (approx)	Margin required : 1000 USDT (approx)
TDS Margin required : 0	TDS Margin required : 200 USDT (approx) 100 USDT for opening position (approx) 100 USDT for closing position (approx)
Effective margin : 1000 USDT (approx)	Effective margin required: 1200 USDT (approx) Out of which 200 USDT will be deposited to the Income Tax department as part of TDS regulations. This is not a loss and can be claimed back.