Taxation Nepal

Computation of Foreign Tax Credit (Section 71) of Income Tax Act, 2058!

Client: Sir, What’s your audit fee?

CA: It’s Rs. 60,000 sir.

Client: But Sir, I only have one major transaction during the year!

CA: Sir, It’s Rs. 1,000 to check your one transaction and Rs.59,000 more to figure out why you only have one transaction! 😂

☀️ 1-Day Revisionary Note for Business Concessions and Facility as per 2081/82 !!

Regards: Mr. Subash Nepal

📌 10 things to be considered during these last 15-20 days before exam:-

📍 Jati padhera sakiyo teti matra herne, aaile samma padhdai napadheko topic or chapter lai majjale ignore garda hunxa,

📍Harek numerical subject ko 20 marks ma aaune theory daily herne,

📍Audit ra Law ko key point haru yad garna thalne daily with short notes and difference between,

📍NFRS ko provision daily padhne ra conceptual clarity ko lagi past question sarara herdai mukhai le aafule janeko answer vanne ra compare garne paxi suggested sanga,

📍TAX ra VAT ko jati garnu thiyo garinai haliyo yetro samaye ma, aab chai majjale provision kasari hunxa yad garnai paryo with fines and penalties too,

📍BCM lai chai aafnai way ma padhda hunxa tara ignore garna vayena hai, 100 ma 15% BCM le garda fail vhaira hunxan, so do consider this hai!!

📍Yo belama jati padhe ni padhna utti nai baki xa jasto feel hunxa, it's normal to feel that, panic huna vayena, k xara exam ta ho yespali jasari nai garne sochnu parxa vayena vane June xadai xata, no worries,

📍J jati padhnu vhaxa teti mai confidence rahanus CA vanera pass nai nahune question katdaina, kura yeti ho harek subject ma aafulai evaluation chai garnai parxa

📍If 20 marks ko question aajha samma padhnu vhaxaina, revise garnu vhaxaina kunai pani numerical subject haru ko vane don't worry, 40 lyauna 80 nai enough xa, yesari herna paryo ra confidence as it is maintain garna paryo haita!!

📍At the end ma, maile kati padhna baki xa vanera kaile sochna vayena aaile yo samaye ma,  maile kati chai padhera sake vanera hernus awaysa man khusi hunexa + we all are hear to challenge ourself, taevayera challenge yourself, give your best during these 10-12 days !!😊

📍Amendments-2081/82!!

(Relating to Income Tax, VAT, Excise and Custom Duty Act)

Incorporated with Amendments in Income Tax and VAT Rules !!

Also incorporated with other necessary Tax Rates and Final Withholding Payments !! ✨✨

Applicability for exam: Dec 2024 onwards

मामा र भान्जा
A Legal Tragedy 😄

*** सम्पूर्णमा अाग्रह ***

हामी भोलि यहाँ हरू माझ "मामा र भान्जा" को कथा लिएर उपस्थित हुने छौं, सो कथाको सन्दर्भ बुज्नु अगि "कम्पनी ऐन, २०६३" र "आयकर ऐन, २०५८" अन्तर्गतको "नातेदार" भन्ने शब्दको परिभाषा बुज्न आवश्यकता भएकोले, सबैले एक फेर भने अवश्य हेरेर आउनु होला।

धन्यवाद

#Exempt_Items
Potato
Onion
Garlic
Apple
All are VAT Exempt items as added by Finance Act, 2081!!

"कर साब" र "भात बाहादुर" को कथा कसैले सुन्नु भएको छ त?

एक दुई दिन कर र भ्याट सम्बन्धि कथा सुनौँ है त, पढौँ पनि कथा पनि सुनौँ ।😅

प्यासको त्यो भोक सङै
जिउनु छ यहाँ
विष मिसिएकै पानी भएनी
पिउनु छ यहाँ

दोधार‌‌ धेरै आउने बाटोमा
उभिएको भए पनी
एकलाई त्यागि एक सङ
हिड्नु छ यहाँ

सपना देख्न निदाउनु पर्छ
भन्नु हुन्छ सबै
निद्रा पछिको त्यो भाग्यलाई
सिउनु छ यहाँ

समय सङ लड्न खोजेँ
समयले नै धकेलि दियो
धैर्यताको अमिलो पर्खाई
पिउनु छ यहाँ

शिकायत त गर्नु छ कैयौँ
कसलाई समातुँ कुरा सुनाउन
खुसी छु भन्दै मनलाई समाल्दै
अन्त्यमा,
एक्लै जिउनु छ यहाँ !! 😔

📌 विवरण तथा कर दाखिला सम्बन्धी सामान्य जानकारी📌

📍"Issues and their Clarification Relating to Change in Control: Section 57"

Section 57 presents challenges around the interpretation of tax consequences for ownership change. Key issues include Defining Control, Timing of Tax Implications, and Applicability of Exemptions. Clarifications have emerged through Advance Rulings, Directives, and Public Circulars, providing a framework for consistency. Here presented some glance for issues and their clarification made by IRD !! ✨

Share this in your friend circle and let's be together in the world of Taxation !!

For Taxation Nepal Channel
https://t.me/Taxation_Nepal

For Discussion relating to Tax, Vat, Excise and Custom
https://t.me/Discussion_for_Nepalese_Taxation

📍Directive Relating to Transfer Pricing, 2081 !!

📍Applicability of VAT on Printing Services though Printed Books and Copies are a VAT Exempt Items !!😢

Option B: 15%, 15% is the right answer !!