CDS and Clearing updates Meroshare with new feature, enabling calculation of Capital Gain Tax; releases step by step guide for the same

CDS and Clearing Limited has updated Meroshare with new feature that will calculate the capital gain tax of the transaction on the basis of weighted average cost. The test run for the same was launched yesterday.

CDS has requested all investors to be a part of the test run and inform CDS regarding any issue in the new feature of the upgraded system. The implementation of this feature has enabled to investors to calculate their CGT in a single click, without having to go to broker’s office. Due to this, it is expected that the confidence in the market may improve as it will ease the trade process for the investors.

CDS has also published a detailed step by step guide, instructing the use of the new feature: