Capital Gains Tax Increased in Share Market from New Fiscal Year

Kathmandu. With the beginning of the new fiscal year 2083/84, the capital gains tax in the share market has increased from today. The secretariat of Finance Minister Dr. Swarnim Wagle has made an effort to reassure investors, keeping in mind the possibility of increased despair and anger in a situation where tax has increased in a continuously declining stock market.

Addressing the investors in the share market, the secretariat has urged them not to fall for the misleading rumors and misinformation spread in the market. The statement mentioned that the government has taken the anger seen among investors due to the negative stock market and decrease in asset size since the formation of the government as natural.

The secretariat claimed that the economic indicators are good and rapidly improving. It also asserted that the government has created an investment-friendly environment through ample liquidity, reduced interest rates, income tax exemption for high earners, and historical exemption facilities for those facing revenue disputes.

The statement stated that those who are trying to create chaos like Harshad Mehta in the Bombay Stock Exchange in 1991 by capturing the regulatory body in the stock market are now caught in the investigation.

"Those who are doing wrong by creating a narrative that says right is wrong are trying to create an abnormal situation. Fabricated rumors like 'so-and-so is being arrested' are being spread, but the government is not working that way. You all be assured," the statement said. 

Investors have also been urged to be cautious and not fall for the misinformation spread by Club House, WhatsApp groups, Messenger groups, flashy leaders of suits and ties, and media outlets that have sold their integrity, as they are not official sources of information.

The Finance Minister's secretariat has urged investors not to follow rumors and to invest in the secondary market only after thorough study, stating that planned work for market improvement is moving forward with a stable government, an expert finance minister, and the selection of honest and transparent individuals in regulatory bodies.