Finance Bill 2016
Change in rate of Securities Transaction tax in case where option is not exercised
Section 98 of the Finance (No.2) Act, 2004 provides that the securities transaction tax on sale of an option in securities where option is not exercised is 0.017 per cent of the option premium. It is proposed to increase the rate from 0.017 per cent.to 0.05 per cent.
This amendment will take effect from 1st June, 2016.