# If one sells a stock as Equity BTST/ATST, then what will be the STT charges? Is it charged for Equity Intraday or Equity Delivery?
**URL:** https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181
**Category:** General
**Created:** [September 6, 2014, 1:07am UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181 "2014-09-06T01:07:54Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@newtrader001](https://tradingqna.com/u/newtrader001)
#### Post date: [September 6, 2014, 1:07am UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/1 "2014-09-06T01:07:54Z")
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### Author:  [@nithin](https://tradingqna.com/u/nithin)
#### Post date: [September 6, 2014, 3:13am UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/2 "2014-09-06T03:13:21Z")
STT will be charged as delivery trade.
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### Author:  [@AastroGuru](https://tradingqna.com/u/AastroGuru)
#### Post date: [September 12, 2014, 11:03am UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/3 "2014-09-12T11:03:50Z")
Hi newtrader001,
Lets me put it in simple terms.
Case1. You buy the stock today morning as CNC and sell the stock today itself before 3:20 pm as CNC. You are at T+0 day. Even though you have chosen the product type as CNC, you will be charged with Intraday charges only (i.e. STT of 0.025% see here [http://zerodha.com/charge-list](http://zerodha.com/charge-list)). Also there will not be any DP charges (flat Rs.13 per scrip only) in your demat account, since you have sold on same day.
Case2. You buy the stock yesterday morning as CNC and sell the stock as CNC anytime today. This is BTST concept (Buy Today and Sell Tomorrow). You are at T+1 day. In this case you need to pay all the charges as per Delivery trade since you have bought the stock and kept it overnight. So STT will be charged at the rate of 0.1%. But here since the stocks will be delivered to your demat account only by today evening (T+1 day evening or maximum T+2 day tomorrow morning), you are selling the stock before it reaches your demat account. So there will not be any DP charges in your Demat Account.
Case3. You buy the stock day before yesterday morning as CNC and sell the stock today anytime as CNC. You are at T+2 day. You will be charged like a normal Delivery charges. i.e STT of 0.1% will be charged, like usual. Since shares are already delivered to your demat account, yesterday evening or today morning, you have to bear the DP charges of Rs.13 also.
Case4. You buy the stock anytime 2 days before yesterday. That is you are at today T+3 or T+4 day, etc. In this case you need to bear charges similar to case 3. Both STT of 0.1% and DP charges of Rs.13. But here there is no risk of Short Delivery or Auction penalty, since the shares will be confirmed present in your demat account. In first 3 cases, you may face (very rare chance) of Auction Penalty, in case the seller whom from who bought the shares failed to give you the shares and defaulted.
T0 day – STT 0.025% - No DP Charges – No risk of auction penalty
T1 day – STT 0.1% - No DP charges – Risk of auction penalty
T2 day – STT 0.1% - DP charges applicable – Risk of action penalty
T3 day – STT 01.% - DP charges applicable – No risk of action penalty
Hope you understand. Cheers! :)
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### Author:  [@sdg](https://tradingqna.com/u/sdg)
#### Post date: [January 25, 2015, 5:57pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/4 "2015-01-25T17:57:32Z")
Reproducing from the [weblink](http://www.smartpaisa.in/2013/01/securities-transaction-tax-stt-rate-india-equity-shares-stocks-derivatives-futures-options.html):
|
**Product**
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**Transaction**
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**STT rate**
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**Charged on**
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|
Equity-Delivery
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Purchase
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0.10%
|
Turnover
|
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Sell
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0.10%
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Turnover
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|
Equity-Intraday
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Purchase
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-
|
-
|
|
Sell
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0.025%
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Turnover
|
|
Future
|
Purchase
|
-
|
-
|
|
Sell
|
0.010%
|
Turnover
|
|
Option
|
Purchase
|
0.125%
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Settlement price, on exercise
|
|
Sell
|
0.017%
|
Premium
|
Also, note that the trading of Currency derivatives doesnot have STT charges. :-))
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### Author:  [@newtrader001](https://tradingqna.com/u/newtrader001)
#### Post date: [September 6, 2014, 11:01pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/5 "2014-09-06T23:01:22Z")
Dear Nithin Sir,
I am a bit confused here.
Reference:
> **[BTST/ATST( Buy/Acquire Today Sell tomorrow) – Z-Connect by Zerodha](https://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow)**
>
> Traders, In this blog we shall talk about BTST/ATST which stands for Buy Today / Sell Tomorrow or Acquire Today / Sell Tomorrow. This is a facility offered by most of the stock brokers in India (including Zerodha) where you can buy stock today and...
Excerpt:
First Scenario: You bought at Rs. 800 in the morning and by 3 PM you saw the price is Rs. 810. You decided to book the profit and you sold the Reliance as CNC. Though you have bought and sold as CNC, this will be considered as an intraday trade and all taxes/brokerage will be according to intraday charges.
It is stated here that all brokerages for BTST/ATST are charged according to intraday charges.
I am confused whether STT for BTST transactions are charged as per delivery or intraday?
Pl pl pl reply sir…
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### Author:  [@SameerBhagat](https://tradingqna.com/u/SameerBhagat)
#### Post date: [September 8, 2014, 6:27pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/6 "2014-09-08T18:27:16Z")
In the above case, the trade will be considered as an Intraday trade and all charges as applicable to Intraday will be applied. STT @ 0.025% on sell side will be charged.
BTST is not the same as Intraday trade. BTST is considered as a delivery trade and Delivery STT is applicable.
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### Author:  [@newtrader001](https://tradingqna.com/u/newtrader001)
#### Post date: [September 8, 2014, 9:49pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/7 "2014-09-08T21:49:42Z")
Dear Sameer Bhagat sir,
At the end of ur ans u have mentioned that BTST is considered as a delivery trade and Delivery STT is applicable. It is still not clear to me as u have given the STT as 0.025%. Can u pl clarify my doubt once again sir?
Thanks for ur ans…
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### Author:  [@akshayaggarwal](https://tradingqna.com/u/akshayaggarwal)
#### Post date: [November 11, 2015, 6:49pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/8 "2015-11-11T18:49:53Z")
Check this link [https://zerodha.com/charge-list](https://zerodha.com/charge-list) STT is different for intraday (0.025% on the Sell Side ) and delivery. (0.1% on both Buy and Sell ). BTST means Buy today sell tomorrow so you are buying share as delivery and selling it tomorrow hence delivery charges r charged. People generally use this with other brokarage firms as they get margin for t+5 (on intrest ofcource) and they can make quick money with it in 2-3 days. Its not for zerodha since they dont give margin for deliveries.
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### Author:  [@newtrader001](https://tradingqna.com/u/newtrader001)
#### Post date: [September 12, 2014, 7:24pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/9 "2014-09-12T19:24:46Z")
Thank u very much AastroGuru Sir for your detailed answer. Your answer is excellent.
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### Author:  [@Prash1957](https://tradingqna.com/u/Prash1957)
#### Post date: [January 25, 2015, 1:27am UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/10 "2015-01-25T01:27:02Z")
How much could be the auction Penality? Maximum and minimum?
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### Author:  [@Prash1957](https://tradingqna.com/u/Prash1957)
#### Post date: [January 25, 2015, 3:19pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/11 "2015-01-25T15:19:35Z")
If i sell the stock on T+2 day(on wednesday), How there will be the risk of auction penality because anyhow i will get the delivery of stock on thursday (If i had bought it on monday). And I have to give the delivery on Friday
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### Author:  [@AastroGuru](https://tradingqna.com/u/AastroGuru)
#### Post date: [January 25, 2015, 10:06pm UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/12 "2015-01-25T22:06:36Z")
@Prash
This is what i understand. The auction happens on T+3 day and you get delivery on T+4 th day morning, So there is a chance you would default
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### Author:  [@Sardar96](https://tradingqna.com/u/Sardar96)
#### Post date: [June 30, 2018, 5:55am UTC](https://tradingqna.com/t/if-one-sells-a-stock-as-equity-btst-atst-then-what-will-be-the-stt-charges-is-it-charged-for-equity-intraday-or-equity-delivery/1181/14 "2018-06-30T05:55:14Z")
Hi buddy I’m new trader and interested in Delivery Trading soI wanted to ask you that I can’t do next trade until the previous settlement is complete right? Also what is Short Delivery & Auction means in this? I’m not getting the concept.