I want to know about STT on options.
Please tell me by this scenario.
1) If i sell an option, STT is application to me. Now for eq. I sell nifty 5300 strike option at 75 and it is exercised or not. How much STT do i pay?
The amount that needs to be paid as STT is on only premium or total value like 50*75 - STT ?
2) If i buy and option and excerise it, i am supposed to pay STT, is the STT on the whole value or only on the premium paid or how much profit i made ?
3) If i buy an option on say 10th May 2010 at 50 rupees and square it on 12th may 2010, do i need to pay STT? if how on what amount ?
I looked up at nseindia.com and on TJ threads but still didnt get it cleared.
Thank you
Please tell me by this scenario.
1) If i sell an option, STT is application to me. Now for eq. I sell nifty 5300 strike option at 75 and it is exercised or not. How much STT do i pay?
The amount that needs to be paid as STT is on only premium or total value like 50*75 - STT ?
2) If i buy and option and excerise it, i am supposed to pay STT, is the STT on the whole value or only on the premium paid or how much profit i made ?
3) If i buy an option on say 10th May 2010 at 50 rupees and square it on 12th may 2010, do i need to pay STT? if how on what amount ?
I looked up at nseindia.com and on TJ threads but still didnt get it cleared.
Thank you