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| Discuss How To Compute Stt In Options at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I Am Bit Confused About Stt Calculation In Options,so Please Answer My Question... |
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#4
4th March 2008, 11:00 PM
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Re: How To Compute Stt In Options
Till now - seller - on notional value e.g. 1000 lot size * (200 strike price + option price/premium at 200)
From next fin year (1st april OR after budget is passed) seller - on premium received. 
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#5
4th March 2008, 11:45 PM
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Re: How To Compute Stt In Options
STT Presently Levied Only To Sellers & It Is 0.017%
Example Of How It Is Levied Presently: 1) Lot Size Of 50 2) Strike Of 6000 3) Premium For Which It Is Sold Is 30 STT= {(6000+30)*50}*0.017% STT Would Be 51.255 Example Of How It Will Be Levied After The Notification: 1) Lot Size Of 50 2) Strike Of 6000 3) Premium For Which It Is Sold Is 30 STT= (30*50)*0.017% STT Would Be 0.255 Paise SavantGarde
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#7
10th May 2008, 07:27 PM
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Re: How To Compute Stt In Options
with effect from June 1, 2008
Currently, in the case of sale of a derivative, where the transaction of such sale is entered into in a recognised stock exchange, the STT is at the rate of 0.017% and is payable by the seller. The Budget proposes to amend sections 98 and 99 of Chapter VII of the Finance (No 2) Act, 2004 to provide that with effect from June 1, 2008: (i) In case of sale of an option in securities, STT shall be levied at the rate of 0.017% of the option premium and shall be paid by the seller (ii) In case of sale of an option in securities, where option is exercised, STT shall be levied at the rate of 0.125% of the settlement price and shall be paid by the purchaser; and (iii) In case of sale of a futures in securities, STT shall be levied at 0.017% and shall be payable by the seller. Therefore, the amount of STT in the case of options payable by a purchaser and seller would now change as compared to earlier. (citing from financialexpress .com / news / The-STT-amendment-impact / 279196/ 0)
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#8
29th May 2008, 08:36 PM
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Re: How To Compute Stt In Options
has any broker got/given any notification to this effect?
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#9
30th May 2008, 09:25 AM
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Re: How To Compute Stt In Options
NSE circular is there NSE/F&A/10706 (15 may 2008)
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