Kathmandu. The government has collected Rs 8.17 billion in capital gains tax from the stock market in the first nine months of the current fiscal year. The government has collected Rs 1.73 billion in the month of March alone.

The profit tax has increased significantly in the month of March as compared to February. According to the CDSC, the state had collected Rs 55,15,81,804 from the stock market in the month of February alone.

According to the CDSC, the state collected Rs 35,82,57,056 in personal long-term capital gains tax, Rs 1,10,51,19,441 in personal short-term capital gains tax and Rs 2,724,05,801 in corporate capital gains tax.

Looking at the tax data collected, short-term investors are more dominant than long-term investors in the market.

Stock investors pay capital gains tax to the state for individual and institutional transactions. Investors have to pay 5 percent profit tax if they sell shares for more than one year, 7 percent for selling shares for less than one year, and institutional investors have to pay 10 percent profit tax.