Cryptocurrency Q&A Is STT paid on options trading?

Is STT paid on options trading?

DigitalDragonfly DigitalDragonfly Sat Aug 10 2024 | 6 answers 861
I'm curious to understand if STT, or Securities Transaction Tax, applies to options trading. Could you please clarify if this tax is levied on the buying and selling of options contracts, and if so, how does it work in practice? It would be helpful to know if there are any specific exemptions or conditions that need to be met for options trading to be exempt from STT. Additionally, are there any other taxes or fees that traders need to be aware of when engaging in options trading? Is STT paid on options trading?

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