Eighth Schedule – Capital gains on listed securities (NCCPL)
NCCPL computes, collects and deposits capital gains tax on listed securities, mutual fund units and PMEX futures on behalf of investors.
Who it applies to
Investors in listed shares, mutual funds and PMEX futures; NCCPL and brokers
Structure and contents
| Part / area | What it covers |
|---|---|
| Computation | NCCPL's automated system computes gains and losses for each investor using CDC data |
| Collection | Tax is collected through brokers and deposited by NCCPL |
| Certificate | NCCPL issues an annual certificate to use when filing the return |
| Non-ATL | For non-ATL persons, the investor is pursued through the Commissioner |
How it works in practice
Include the NCCPL certificate figures in the capital gains section of your return. Losses on listed securities can be set off against gains of the same kind and carried forward for 3 years.