SEBON Seeks Clarification from CDSC

Aug 22, 2019 02:07 PM Merolagani

Securities Board of Nepal (SEBON) has sought clarification from Central Depository System (CDSC) regarding capital gain tax.

Previously, on August 12, SEBON directed CDSC to develop a system that will itself calculate capital gain tax which will relieve investors from being present at broker offices and submit their thumbprint while calculating the weighted average cost of shares.

However, even after two weeks since the direction, CDSC has not developed and implemented the system after which the board sought clarification from CDSC.

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