Lets Talk, Market Watch
How will 15% tax upon capital gain affect ?
Published by Octron on September 22, 2008
Have your say about recent NEPSE ups and down. Ask and Discuss the stuff which you dont know. Share latest information about the market & its driving factor. Plus BUY & SELL shares online over the table !
Finance Minister, Dr. Baburam Bhattarai increased capital gain tax from 10% to 15% for public. So from now onwards whatever profit you make by selling your scrips, you will have to pay 15% tax on that profit. This new law might heavily reduce frequent smaller transactions, which in turn will be heavily affecting small investors or so called retail investors.
After reviewing the budget its clearly evident, this budget will be hitting very hard on the urban middle class society; Dr. Bhattarai introduced 5 percent Health Service Tax and Education Tax on fees charged by private health service providers and education institutions. Now, 5% increase in tax upon capital gain will just make life miserable for middle class.
What do you guys think ?
(No Ratings Yet)
Loading ...456 views
None
Daily Stock Quotes; Get daily share price from the market as it happens.