Comment on STT Trap - Options Expiry - NSE BSE MCX-SX

Vikas Kumar Jha commented on 28 Mar 2014, 02:08 PM

Hello Nithin,

First of all i should thank you a tonne for this more than useful piece of article. I just lost 40000 yesterday on account of this STT and got the bill for the same. Was searching for reasons for the same as my broker was not available today and that’s how i landed on this page. I bought BankNifty 12600 strike Call 100 lots (2500 quantity) @ Rs 3.70 and left it unsold. After closing hours, It got sold @ 4.95 but the STT charged was Rs 39395. I just incurred such a huge loss because of lack of knowledge on STT Charge on Expiry day for an unsold Call option.

I hope this article of yours reaches to many traders like me before they lose their money to the Govt.

I just have one query…is there any chance i can recover this STT amount of appx Rs 40000? Kindly guide, if there’s any.

Thanks a lot once again.

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