Budget 2026: Kya hai Naya Rule?
Socho pehle kaise sabko alag alag companies mein woh tax exemption wale forms submit karne padte the. Ab Union Finance Minister Nirmala Sitharaman ne is jhanjhat ko khatam kar diya hai. Union Budget 2026 mein ek bada change laya gaya hai jahan Form 15G aur Form 15H ab direct depositories jaise NSDL aur CDSL mein submit ho sakte hain.
Form 15G/15H ka Kya Fayda?
Yeh forms asal mein self-declaration hain jo investors bharte hain yeh batane ke liye ki unki income taxable limit se kam hai, isliye unka TDS (Tax Deducted at Source) na kata jaye. Pehle sabko alag alag companies mein yeh form bhejna padta tha, par ab depositories yeh kaam karengi. Woh yeh information electronic tareeke se companies ko bhej denge. Isse na sirf administrative kaam kam hoga, balki galat TDS deductions hone ke chances bhi bahut kam ho jayenge.
Depositories (NSDL & CDSL) ka Kya Hoga?
Is change se NSDL aur CDSL jaise depositories ka scope aur badhega. Halanki abhi iska seedha financial benefit quantify karna mushkil hai, par yeh unke liye business badhane ka ek mauka ban sakta hai. Agar valuations dekhein toh, NSDL ki market capitalization February 2026 tak ₹19,269 crore thi aur P/E ratio 51.7 tha. Wahi CDSL ki market cap ₹27,090.58 crore aur P/E 58.23 tha. Market already growth price kar raha hai. Recent results ki baat karein toh, NSDL ka net profit Q3 FY26 mein 0.5% badh kar ₹77.9 crore hua, aur CDSL ka net profit 2.5% badh kar ₹133.3 crore raha.
Retail Investors Ka Badhta Role
Aajkal market mein retail investors ki participation bahut badh gayi hai. Q2 FY26 mein unka share NSE market capitalization mein 18.75% tak pahunch gaya tha. Yeh naya rule unke liye bahut beneficial hoga, jo aur investors ko market mein aane ke liye encourage kar sakta hai.
Future Outlook
Financial experts yeh change ko positive dekh rahe hain. Isse tax procedures streamline hongi aur investors ka kaam aasan hoga. Yeh reform specially important hai kyunki ab dividend income par pura tax lagta hai, toh sahi samay par self-declaration dena zaroori hai. Iska success depositories kaise implement karte hain aur investors kitna adopt karte hain, is par depend karega.