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of <h1>Amendment to Section 99: STT on Options Now Based on Difference Between Strike and Settlement Prices from September 2019.</h1> The Finance (No. 2) Bill, 2019 proposes an amendment to section 99 of the Finance (No.2) Act, 2004, concerning the valuation of taxable securities transactions (STT) for options in securities when exercised. Previously, the taxable value was based on the settlement price. The amendment changes this to the difference between the strike price and the settlement price. This adjustment aims to rationalize the STT levy and will be effective from September 1, 2019.
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