Comment on STT Trap - Options Expiry - NSE BSE MCX-SX
commented on
28 Aug 2017, 02:36 PM
Sir,
I would like to know more about option exercise. About STT i know the differences (normal and excercise rate). But what about transaction charges and taxable value? is calculate on the basis of underlying asset or option price? I have exercised bank nifty last week, they have charged STT rs 1214 ( that i can understand that [(24274*40)*0.125). but they charged transaction charges rs 729 & taxable valkue rs 778. when i ask the broker they said that in option exercise everything is calculate on the basis of underlying asset (that is 24274*40) not on the basis of premium. Is it true?