How are Securities Lending and Borrowing (SLB) trades taxed?

The income from Securities Lending and Borrowing (SLB) trades is treated as income from other sources and is taxed at the applicable tax rates.

Clients must consult a tax advisor with the trade confirmation memo for computing the tax liability. To learn how to get the trade confirmation memo, see How to get the trade confirmation memo for Securities Lending and Borrowing (SLB) trades? To learn more about SLB taxation visit qna.tax/t/understanding-security-lending-borrowing-and-its-taxation/5112.

Did you know? The current tax P&L report on Console does not include SLB trades.