Traderji.com - Discussion forum for Stocks Commodities & Forex


STT charges

Discuss STT charges at the Investors Grieviences within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Friends Can anyone tell me what is the STT charges on Expiry Date. I ...


Go Back   Traderji.com - Discussion forum for Stocks Commodities & Forex > TOOLS & RESOURCES > Investors Grieviences


Investors Grieviences Discuss your personal grieviences and frustrations with stock market intermediatories like brokers, registrars, bankers, etc.


Reply
 
Thread Tools
  #1  
Old 12th January 2010, 04:29 PM
Member
 
Join Date: Jan 2010
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
vinodgupta1976 is on a distinguished road
Default STT charges

Hi Friends

Can anyone tell me what is the STT charges on Expiry Date. I have bought 2500 nifty call and 2500 nifty put of 5200 on expiry or 31st dec 09. In my contract note I have found that a sum of RS 16253 has been deducted as STT charges.

NSE is playing a fraus game with their clients. Later on I have email to NSE and didn't get proper reply. They email me the new ciruclars that has been introduced in 2008.

Neither of the broker has informd me about such kind of charges nor NSE. Now who will bare this huge loss.

Please reply me

Vinod Gupta



Reply With Quote
Sponsored Links
  #2  
Old 12th January 2010, 09:26 PM
bunny's Avatar
Member
 
Join Date: Apr 2009
Location: Mumbai 400051
Posts: 2,093
Thanks: 655
Thanked 2,583 Times in 1,041 Posts
bunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond reputebunny has a reputation beyond repute
Default Re: STT charges

There isn't any fraud in this.

http://www.traderji.com/general-trad...no-expiry.html
Reply With Quote
  #3  
Old 12th January 2010, 09:37 PM
Member
 
Join Date: Aug 2009
Posts: 1,047
Thanks: 900
Thanked 1,540 Times in 604 Posts
trader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant futuretrader.trends has a brilliant future
Default Re: STT charges

Check the following link on the NSE website for word from the Horse' mouth:

Home > NSCCL > Clearing & Settlement > Derivatives > Securities Transaction Tax

Securities Transaction Tax

STT Computation
As per the Finance Act 2004, and modified by Finance Act 2008 (18 of 2008) STT on the transactions executed on the Exchange shall be as under:

Sr.No. Taxable securities transaction New rate from
01.06.2008 Payable by
#
a Sale of an option in securities 0.017 per cent Seller
a Sale of an option in securities 0.017 per cent Seller
b Sale of an option in securities, where option is exercised 0.125 per cent Purchaser
c Sale of a futures in securities 0.017 per cent Seller

1. Value of taxable securities transaction relating to an “option in securities” shall be the option premium, in case of sale of an option in securities.


2. Value of taxable securities transaction relating to an “option in securities” shall be the settlement price, in case of sale of an option in securities, where option is exercised.

If your option ends in say one or two rupee in the money, you may think you have made profits but the STT here is calculated on the settlement price. Be cautious when allowing in the money options to get settled when they are running with a small premium.



Last edited by trader.trends; 12th January 2010 at 09:44 PM.
Reply With Quote
Reply

Bookmarks


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT +5.5. The time now is 11:19 AM.

Indemnity, Disclaimer & Disclosure Notice:
• By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © www.Traderji.com 2001 - , All rights reserved.

Recommended Websites - www.TradersEdgeIndia.com - www.TradingPicks.com - www.MasterOfTrading.com

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243