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| Discuss Exact impact of new STT rates on buy/sell of option contracts at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Could some one plz clarify the effect of changes on STT provision on this year's ... |
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#1
9th April 2008, 11:08 PM
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Exact impact of new STT rates on buy/sell of option contracts
Could some one plz clarify the effect of changes on STT provision on this year's ( 2008-2009) budget on buy/sell of option contracts? What are the new provision and how does it differ from that of last year?
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#2
10th April 2008, 10:00 AM
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Re: Exact impact of new STT rates on buy/sell of option contracts
Now STT would be a deductible expense...earlier it was as advance payment of tax....
Big difference for day traders and arbitragers....however favorable for the people in losses as they get to carry forward the loss....
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#3
10th April 2008, 01:31 PM
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Re: Exact impact of new STT rates on buy/sell of option contracts
Before also, The amount of loss that is more than STT can be carry forwarded.
If loss is less than STT paid,it can't be carry forwarded. I think this change is in STT is not favorable to any one including people in loses.
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#4
10th April 2008, 05:46 PM
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Re: Exact impact of new STT rates on buy/sell of option contracts
Quote:
now it wont be so...so you get to carry forward the STT component also... this is only favorable for people in losses and not for those in profits....
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#5
11th April 2008, 11:22 AM
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Re: Exact impact of new STT rates on buy/sell of option contracts
Quote:
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