Stock Brokers' Association urges investors to submit their cost values with t+1; Find full notice

Stock Brokers' Association of Nepal (SBAN) has released a press note today regarding Capital Gain Tax.

According to the amendment in Income Tax Act 2058, the Capital Gain tax is calculated on the basis of the weighted average cost of acquiring the assets. This rule has been implemented from Shrawan 01, 2076.

In regards to the same SBAN is urging the investors to update their WACC either by filling the form at Broker office or in Mero Share software of CDS and Clearing. After selling any share, the investor needs to update WACC within the next day (t+1). If the investor fails to do so, the cost will automatically be considered as the stated price (Par value). The settlement will then proceed based on the same price.

Notice: