Comment on STT Trap - Options Expiry - NSE BSE MCX-SX
commented on
29 Jun 2017, 06:45 PM
Very good piece of information Nithin. Really helpful for people trading in Options. I recently read an article where a person lost 24 lakhs in 5 minutes. It’s really unfair on the part of the government to levy tax 5 times more than what a person has earned. I agree that it is a good practice to close the ITM position before 3:30 PM. But there might be some emergency situation or any network issue or any issue with the tool itself. In such cases, people may not be able to close. The government should revise the STT tax and should not burden common man.
I think someone should urge the government regarding this. Nithin, why don’t you take the initiative 🙂