Day Trading Stocks & Futures

STT on F&O transactions have been hiked... Option Sellers now give 2100/Cr as compared to 1700/Cr

As per amendments to the Finance Bill 2023, which was passed in the Lok Sabha on Wednesday, STT on the sale of options has been hiked to ₹2,100 on a turnover of ₹1 crore against an earlier applicable levy of ₹1,700. On the sale of futures contracts, the STT has been hiked to ₹12,500 on ₹1 crore of turnover against the earlier levy of ₹10,000. On the options side, the STT is charged on premium and not the strike price.

Source: Business Line
 

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