Hi,
Its very important for me to know one thing about option trading.
ie. what is the tax incurred (like STT, Stamp duty,etc..) on trading options on Nifty index? I am sure someone experienced here in options could answer me.
More specifically, how is the turnover calculated in option calls, on which these taxes would be incurred?
I know this for futures trading, like 1 lot of nifty at 5000 price, would result in 50x5000=250,000 in turnover. On this amount, taxes would incur.
What about option, say I buy a call costing Rs.50 for strike price of 5000 on Nifty? Can someone give some basic calculations of turnover and implied taxes on this?
I would be very thankful!!!!
Its very important for me to know one thing about option trading.
ie. what is the tax incurred (like STT, Stamp duty,etc..) on trading options on Nifty index? I am sure someone experienced here in options could answer me.
More specifically, how is the turnover calculated in option calls, on which these taxes would be incurred?
I know this for futures trading, like 1 lot of nifty at 5000 price, would result in 50x5000=250,000 in turnover. On this amount, taxes would incur.
What about option, say I buy a call costing Rs.50 for strike price of 5000 on Nifty? Can someone give some basic calculations of turnover and implied taxes on this?
I would be very thankful!!!!