Is it true that STT trap has been removed in this budget?

[lindo]

Hi Keshav,

Your answer here:

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.

Cheers!