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Finance ministry issues clarification over STT hike on selling options

The finance ministry clarified on Friday that the securities transaction tax (STT) on selling options has been raised to 0.062 per cent from 0.05 per cent and not from 0.017 per cent to 0.021 per cent

Finance Minister Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman

BS Web Team New Delhi
The finance ministry clarified on Friday that the securities transaction tax (STT) on selling options has been raised to 0.062 per cent from 0.05 per cent and not from 0.017 per cent to 0.021 per cent as stated in the latest amendment to Finance Bill 2023 that was passed by the Lok Sabha today, the Economic Times reported.

The options traders were left confused after the amendment was moved in the Lok Sabha today as options were already being taxed at the rate of 0.05 per cent. 

According to the report, it was a typographical mistake quoting sources from the

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First Published: Mar 24 2023 | 5:20 PM IST

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