@nithin why SEBI always says they will increase STT to curb participation? what is the history around STT, when was it introduced? You think increasing STT will reduce participation?
And is this common practice around developed world markets?
I had shared this earlier, updating this with the latest changes.
Historical STT in India
| STT - Security transaction tax on Equity & Equity derivatives (in %) | B | C | D | E | F |
|---|---|---|---|---|---|
| Date | Cash Delivery | Cash Intra-day | Futures | Option | Exercised Options (contract value) |
| Charged | Buy and Sell | Only sell | Only sell | Only sell | All |
| 1st Oct 2004 | 0.075 | 0.015 | 0.01 | 0.017 (contract value) | 0.01 |
| 1st June 2005 | 0.1 | 0.02 | 0.0133 | 0.017 (contract value) | 0.0133 |
| 1st June 2006 | 0.125 | 0.025 | 0.017 | 0.017 (contract value) | 0.017 |
| 1st June 2008 | 0.125 | 0.025 | 0.017 | 0.017 (premium value | 0.125 |
| 1st June 2013 | 0.1 | 0.025 | 0.01 | 0.017 (premium value) | 0.125 |
| 1st June 2016 | 0.1 | 0.025 | 0.01 | 0.05 (premium value) | 0.125 |
| 1st April 2023 | 0.1 | 0.025 | 0.125 | 0.0625(premium value | 0.125 |
| 1st October 2024 | 0.1 | 0.025 | 0.02 | 0.1(Premium value) | 0.125 |
| CTT- Commodity transaction tax on Commodity & Commodity derivatives (in %) | ||||
|---|---|---|---|---|
| Date | Futures (sell) | Options (Sell - premium value) | Sale of an Exercised Option (contract value) | |
| 1st July, 2013 | 0.01 | 0.05 | 0.0001 |
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