n NISM Certifications
VII NISM Series VII
Medium

Mr. Rohan bought futures contracts of PQR Ltd. worth Rs. 5,76,000. What will be the STT if he sells the futures contract of the same value?

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    NIL

  2. Rs. 115.2

    Correct answer

  3. C

    Rs. 11.52

  4. D

    Rs. 104.45

Why this is the answer

Securities Transaction Tax (STT) is levied at 0.02% on the sale of equity futures. STT = 576,000 × 0.02 / 100 = Rs. 115.2

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