Finally, there are rumors circulating in the casket market that taxes on investment gains may occur in the future. Due to this news, the stock market fell by 500 points in a whole month and the investors suffered a loss of around 67 thousand crore rupees. Don’t worry, stock market officials say the government won’t add taxes on the money you earn from stocks. They are still figuring things out. Although the people in charge say they are trying to fix the problem, nothing seems to be happening.
The news that was rumored in the stock market for a long time, today (Thursday) is coming true. In today’s proposed budget, it will be proposed that the government will have to pay tax at the rate of 15 percent on the profit of more than 50 lakh rupees in a particular fiscal year.
According to NBR sources, other than the imposition of tax on capital gains, some other bad proposals can be seen in today’s budget. For example, while the tax rate of listed companies remains unchanged, it is proposed to reduce it by 2.5 percent in case of unlisted companies.
Stock market people say that when new companies are coming to the stock market, the gap between listed and unlisted tax rates is being reduced. A few years ago this gap was 10 percent. Later it was brought down to 7 and a half percent. Now it is being reduced to 5 percent. This will further discourage any new company from listing. As a result of this policy of the government, the stock market will lag behind and shrink compared to the overall economy.
