Budget July-2019: Changes in STT on options

[ManishGupta]

@nithin can you explain (with few examples) the changes in STT on options introduced in this budget? Will there be any change on STT calculation for expiry day exercised options due to this?

[nithin]

@ManishGupta

can you explain (with few examples) the changes in STT on options introduced in this budget? Will there be any change on STT calculation for expiry day exercised options due to this?

Check this

Budget update for option traders, finally no STT trap on options

Finally, after years of pushing for it, no more STT trap on options which are exercised. [image] So, if your ITM option strike of say 11800 gets exercised on expiry with the spot at 11900, at present you would have to pay STT of 11900x75x0.00125 -= Rs. 1,115. But now it will be (11900-11800)x75x0.00125 = Rs 9.375 STT Download Budget speech.

[Skandakumar_Ganesan]

When does it effective? Currently the brokers are charging old rates

[ManishGupta]

@nithin shouldn’t you guys take this up with SEBI in the interest of your customers? This is a budget proposal and budget has been passed by parliament. Any authority can’t just sit on Budget proposal and do nothing.