Capital Gains Tax par vichar ka sanket, Capital Market shares me tezi - Angel One, CDSL, MOFSL upar

Capital Gains Tax par bayan ke baad capital market shares me josh kyu aaya?

Hafte ke shuru me capital market se judi listed companies ke shares me achhi khasi tezi dekhne ko mili. Angel One, CDSL aur Motilal Oswal Financial Services jaise shares intraday me 6% se 7% tak upar gaye. Iske alawa 360ONE aur CAMS jaise shares me bhi lagbhag 5% tak ki badhat dekhi gayi.

Is tezi ki sabse badi wajah Vitt Mantri Nirmala Sitharaman ka ek bayan mana ja raha hai, jisme unhone equity investors aur foreign portfolio investors (FPI) ki tax se judi chintaon par vichar karne ki baat kahi.

Vitt Mantri ne exactly kya kaha?

2 November ko Mumbai me hue ek karyakram me Vitt Mantri se poochha gaya ki kya sarkar videshi niveshakon ko aakarshit karne ke liye equity par tax vyavastha ko aur anukool bana sakti hai?

Is par unhone kaha ki ve retail niveshakon aur equity market se jude logon ki chintaon ko samajhti hain. Unke anusar 2023-24 me Bharat me videshi nivesh ka inflow majboot tha, us samay tax me koi atirikt chhoot nahi di gayi thi. Lekin ab paristhitiyan badli hain aur niveshakon ki chintaen zyada mukhar hui hain.

Unhone ye bhi kaha ki desh ki aarthik vikas dar ko 7% se upar banaye rakhne ke liye poonji ki zaroorat hai, aur is samay equity poonji bhi mahatvapurna hai. Unhone sujhavon par vichar karne ki baat kahi, lekin tax dar ghatane ya LTCG me badlav ka koi sanket nahi diya.

Bazaar is bayan ko itni gambheerta se kyu le raha hai?

Is bayan ka samay mahatvapurna hai. Pichhle kuch samay se videshi niveshak Bharatiya bazaar se lagatar poonji nikal rahe hain. Saal 2026 me ab tak FPI dwara kaafi bada outflow dekha gaya hai. Videshi niveshak lambe samay se Bharat me shares par lagne wale capital gains tax ko lekar apni chinta jata rahe hain.

Bazaar ka manna hai ki agar Budget me is par punarvichar hota hai, to sentiment sudhar sakta hai. Lekin abhi ye keval ek sambhavna hai, koi faisla nahi.

Abhi equity par kitna tax lagta hai?

Vartman niyamon ke anusar:

1. Short Term Capital Gains (STCG)

Agar koi niveshak share khareed kar 1 saal ya usse kam samay me bechta hai, to us munafe ko STCG mana jata hai. Is par samanyatah 20% tax lagta hai.

2. Long Term Capital Gains (LTCG)

Agar share 1 saal se zyada samay tak rakh kar becha jata hai, to munafa LTCG kehlata hai. Ek vitt varsh me 1.25 lakh rupaye se zyada ke kul LTCG par 12.5% tax lagta hai. Yeh vyavastha July 2024 se lagu hai.

Udaharan se samjhein

Maan lijiye kisi niveshak ne 1 saal se zyada samay me shares bech kar 3 lakh rupaye ka munafa kamaya. Isme se 1.25 lakh rupaye ki chhoot ghatane ke baad bache 1.75 lakh rupaye par 12.5% ke hisab se tax banega, jo lagbhag 21,875 rupaye hoga. Iske alawa cess aur anya charges alag se lag sakte hain.

Aage kya sambhavnaen jatai ja rahi hain?

Abhi se kai tarah ke kayas lagaye ja rahe hain, lekin ye sabhi keval charcha ka vishay hain:

• LTCG tax ki dar me kami ki sambhavna
• 1.25 lakh rupaye ki salana chhoot ki seema badhane ki sambhavna
• FPI ke liye alag se rahat ki sambhavna

Vitt Mantri ne swayam is baat ka sanket diya ki keval videshi niveshakon ko rahat dene se gharelu niveshakon ke beech bhedbhav ka sawal uth sakta hai. Isliye sarkar ko dono pakshon ke hiton ka santulan rakhna hoga.

Niveshakon ke liye iska kya matlab hai?

Ek bayan se tax niyam nahi badalte. Badlav keval Budget ya sarkari ghoshna se hi hoga. Isliye keval is khabar ke aadhar par koi nivesh nirnay lena sahi nahi hoga.

Capital market companies ka business market ke volumes, naye demat accounts, SIP inflow aur overall investor sentiment par nirbhar karta hai. Agar tax par sakaratmak badlav hota hai, to sentiment ko sahara mil sakta hai, lekin iski koi guarantee nahi hai.

Disclaimer: Yeh lekh keval jankari aur shiksha ke uddeshya se hai. Yeh kisi share ko khareedne ya bechne ki salah nahi hai. Nivesh se pehle apne vittiya salahkar se paramarsh karein.