Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: In the fiscal year 2020-21, capital gains tax worth Rs 14 billion has been collected from the share market.
Though it was difficult to collect even Rs 1 billion capital gains tax from share market in previoys years, notable amount of such tax has been collected in 2020-21 fiscal year.
Not only the share investors have increased in the secondary market in the last one year, but the daily turnover alone had reached Rs 19.55 billion when the Nepse index crossed the highest point in the last fiscal year.
The number of people opening Demat accounts and Mero Share Accounts has also increased in the last one year. According to the CDSC Clearing, 3.736 million people have opened Demat accounts by the end of the last fiscal year.
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