Originally Posted by Sunil

No such charge by NSE exists. It's a lacuna in the IT Act regarding STT - whether intentional or otherwise - a behind-the-door tactic to increase STT collections. So, if you don't sell (square off) your option, in which you are long, before expiry, and if it has value (if you are in profit), then obviously it is taken as option exercise. And then, you are liable to pay a higher amount of STT. Quoting an illustration from other forum:

So if STT should be abolished, then these charges should be completely wiped out.. good news...

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