In order to help attract more retail investors to the stock market, a high-level panel on Monday suggested levying lower short-term capital gains tax on annual earning of less than Rs 5 lakh from share trading rather than treating it as business income. The Justice (rtd) R V Easwar Committee on simplification of income tax laws, in its draft report, suggested doing away with the discretion given to tax assessing officer to classify equity trading income as business income or short/long term capital gains.