Comment on STT Trap - Options Expiry - NSE BSE MCX-SX
sir,
say , banknifty is trading around 23480 and today is expiry . Now , on this expiry day at 2:00 PM
premium is 7 of strike price 23500 . say i have 10 lot and now nifty expires at 23510 now i have to pay sst
i. (0.125% of (23500+7)*40) = 1175.35 and for 10 lots 1175.35*10 = 11753.5 i.e individualy
or
ii. (0.125% of (23500+70)*40 =1178.5 i.e in combined way
my question is in which way stt will calculated on exercising on i way or ii way