14 billion capital gains tax raised from the share market

KATHMANDU: JULY 18 – In the Fiscal Year 2077/78, a capital gains tax of Rs. 14 billion has been collected from the capital market. In the previous fiscal years, capital gains were collected at an average of Rs 1 billion per annum. This fiscal year, the same amount of profit tax has been collected from the capital market.

In the last fiscal year, more than Rs 1 billion capital gains tax has been collected monthly. The number of new entrants to trade in the capital market has increased as the capital market has gone online. In addition, older and larger investors have become more active, new investors have also increased their turnover and other areas of investment have been affected due to the Covid, which has increased both the number of investors in the capital market and the transaction amount.

The index had reached an all-time high of 2900 as the transaction amount increased. The daily turnover was around Rs 19.55 billion.

According to the CDSC clearinghouse, the number of Demat account openers has reached 37 lakh 36 thousand 9 hundred 26. The number of account holders in my shares has reached more than 28 lakh 52 thousand.

The number of people taking TMS for online share trading has reached 991,953.