2) This Act shall come into force throughout Nepal and also apply to the resident person in any place outside the Nepal.

3) This Act shall come into force immediately.

(१) प्रचलित कानून बमोजिम स्थापित संगठित संस्था ,
(२) कुनै असंगठित संघ, समिति, संस्था वा समाज वा दर्ता गरिएका वा नगरिएका एकलौटी फर्म र साझेदारी बाहेकको व्यक्तिहरुको समूह वा ट्रस्ट,
(३) बीस वा सोभन्दा बढी साझे दारहरु भई प्रचलित कानून बमोजिम दर्ता भए वा नभएको साझेदारी फर्म, अवकाश कोष, सहकारी संस्था, युनिट ट्रप्ट, संयुक्त उद्यम,
(४) विदेशी कम्पनी,
(५) महानिर्देशकले तोकेको अन्य कुनै विदेशी संस्था ।
(ढ) “कर” भन्नाले यस ऐन बमोजिम लाग्ने कर सम्झनु पर्छ र सो शब्दले देहाय बमोजिमका भुक्तानीलाई समेत जनाउँछ ः–
(१) कर बक्यौता रहेको व्यक्तिको सम्पत्तिका सम्बन्धमा दाबी र लिलाम बिक्री बापत बिभागले गरेका दफा १०४ को उपदफा (८) को खण्ड (क) मा उल्लिखित खर्चहरु,
(२) अग्रिम कर कट्टी गर्ने व्यक्ति वा कर कट्टी हुने व्यक्तिले दफा ९० बमोजिम बुझाउनु पर्ने रकम वा किस्ताबन्दीमा दाखिल गर्ने व्यक्तिले दफा ९४ बमोजिम बुझाउनु पर्ने रकम वा दफा ९९, १०० र १०१ बमोजिम कर निर्धारण भए अनुसार बुझाउनु पर्ने रकम,
(३) दफा १०७ को उपदफा (२), दफा १०८ को उपदफा (३) वा (४), दफा १०९ को उपदफा (१) र दफा ११० को उपदफा 
(१) बमोजिम तेस्रो पक्षको कर दायित्वको सम्बन्धमा विभागलाई बुझाउनु पर्ने रकम
(४) शुल्क तथा ब्याज बापत बुझाउनु पर्ने परिच्छेद – २२ बमोजिमको रकम,र
(५) बिभागले आदेश दिए बमोजिम दाखिला गर्नु पर्ने दफा १२९ बमोजिमको जरिबाना रकम ।
(ण) “कर कट्टी हुने व्यक्ति” भन्नाले रोजगारी, लगानी प्रतिफल, सेवा शुल्क तथा ठेक्का वा करार समेतको भुक्तानी गर्दा परिच्छेद–१७ बमोजिम कर कट्टी गरी भुक्तानी प्राप्त गर्ने वा भुक्तानी प्राप्त गर्ने अधिकार भएको व्यक्ति सम्झनु पर्छ ।
(त) “कर निर्धारण” भन्नाले यस ऐन बमोजिम गरिने कर निर्धारण सम्झनु पर्छ र सो शव्दले दफा १२२ बमोजिम गरिएको शुल्क तथा ब्याजको निर्धारण समेतलाई जनाउँछ ।
तर यस शब्दले दफा १०१ बमोजिम संशोधित कर निर्धारणले प्रतिस्थापन गरेको साबिकको कर निर्धारणलाई जनाउने छैन।

 “(त१) “कारोबार” भन्नाले कुनै आयवर्षको रोजगारी, लगानी वा व्यवसायको आय गणना गर्ने प्रयोजनको लागि दफा ७, ८ वा ९ बमोजिम समावेश गरिने जम्मा रकम बराबरको कारोबार सम्झनुपर्छ ।”
(थ) “गैर बासिन्दा व्यक्ति” भन्नाले बासिन्दा व्यक्ति बाहेकको व्यक्ति सम्झनु पर्छ ।
(द) “गैर व्यावसायिक करयोग्य सम्पत्ति” भन्नाले देहायका सम्पत्ति बाहेकका जग्गा तथा निजि भवन कुनै निकायमा रहेको हित वा सुरक्षण सम्झनु पर्छ ः–
(१) व्यावसायिक सम्पत्ति, ह्रासयोग्य सम्पत्ति वा व्यापारिक मौज्दात,
(२) कुनै प्राकृतिक व्यक्तिको निम्न अवस्थाको निजी भवन,–

(२क.) कुनै हिताधिकारीको अवकाश कोषमा रहेको हित,”
(क) अविच्छिन्न तीन वर्ष वा सोभन्दा बढी अवधि स्वाभित्वमा रहेको, र 
(ख) सो व्यक्तिले अविच्छिन्न वा पटक पटक गरी कुल तीनवर्ष वा सोभन्दा बढी बसोबास गरेको ।
(३) कुनै प्राकृतिक व्यक्तिको एक करोड रुपैयाँभन्दा कम मूल्यमा निसर्ग गरेको जग्गा तथा निजी भवन, वा
(४) तीन पुस्ताभित्र भएको खरिद बिक्रीबाहेक अन्य किसिमले हस्ततान्तरण गरी निसर्ग गरेको सम्पत्ति ।
(ध) “छुट पाउने संस्था” भन्नाले देहायका निकाय सम्झनु पर्छ ः– 
(१) कर छूट पाउने संस्थाको रुपमा विभागमा दर्ता भएका देहाय बमोजिमका निकाय ः

(क) नाफा नकमाउने उद्देश्यले स्थापना भएका सार्वजनिक प्रकृतिका सामाजिक, धार्मिक, शैक्षिक वा परोपकारी संस्था,  

(ख) सामाजिक वा खेलकूद सम्बन्धी सुविधा प्रवद्र्धन गर्ने उद्देश्यले सो संस्था वा त्यसका सदस्यहरूले लाभ नलिने गरी गठन भएको अव्यवसायी (एमेच्योर) खेलकूद संस्था,  

(२) निर्वाचन आयोगमा दर्ता भएको राजनीतिक दल,
(३) गाउँ विकास समिति, नगरपालिका वा जिल्ला विकास समिति,
(४) नेपाल राष्ट्र बैङ्क,  
(५) नेपाल सरकार,  

तर छूट पाउने संस्थाको उद्देश्य अनुसार कार्य सम्पन्न हुँदा वा कुनै व्यक्तिद्वारा सो संस्थालाई प्रदान गरिएका सम्पत्ति वा सेवा बापतको कुनै भुक्तानी गर्दा बाहेक सो संस्थाको सम्पत्ति र सो संस्थाले प्राप्त गरेको रकमबाट कुनै व्यक्तिलाई कुनै फाइदा पु¥याएको भए त्यस्तो संस्थालाई कर छूट हुने छैन ।”  
(न) “ट्रप्ट” भन्नाले ट्रप्टीले सम्पत्ति धारण गर्ने प्रबन्ध सम्झनु पर्छ ।
तर यस शब्दले साझेदारी , संगठित संस्था वा खण्ड (ड) को उपखण्ड (३) बमोजिम उल्लिखित संस्थालाई जनाउने छैन ।
(प) “ट्रष्टी” भन्नाले एक्लै वा अन्य प्राकृतिक व्यक्ति, गुठी वा अन्य संगठित संस्थासंग मिली संयुक्तरुपमा सम्पत्ति अमानतको रुपमा राख्ने प्राकृतिक व्यक्ति, गुठी वा अन्य संगठित संस्था सम्झनु पर्छ र सो शब्दले देहायको व्यक्ति समेतलाई जनाउँछ ः–
(१) मृतक व्यक्तिको जायजेथाको सञ्चालनकर्ता वा प्रशासक,
(२) लिक्विडटर, प्रापक वा ट्रष्टी,
(३) निजी वा आधिकारिक हैसियतमा असक्षम व्यक्तिको सम्पत्तिको संरक्षक, निर्देशन, नियन्त्रण वा व्यवस्थापन गर्ने कुनै व्यक्ति,
(४) निजी प्रतिष्ठान वा यस्तै प्रतिष्ठान अन्तर्गत सम्पत्तिको व्यवस्थापन गर्ने कुनै व्यक्ति, र 
(५) उपखण्ड (१), (२), (३) र (४) मा उल्लिखित व्यक्ति सरहको जस्तै स्थितिमा रहेको अन्य कुनै व्यक्ति ।
(फ) “दीर्घकालीन करार” भन्नाले करारको बहाली अवधि बाह्र महिनाभन्दा बढी भएको दफा २६ बमोजिमको करार सम्झनु पर्छ ।
 (ब) “नातेदार” भन्नाले प्राकृतिक व्यक्तिको पति, पत्नि, छोरा, छोरी (धर्मपुत्र, धर्मपुत्री समेत), बावु, आमा, बाजे, बज्यै, दाजु, भाई, भाउजु, बुहारी, दिदी, बहिनी, सासु, ससुरा, साला, जेठान, साली, जेठीसासु, काका, काकी, भतिजा, भतिजी, नाती र नातिनी सम्झनु पर्छ ।
(भ)  “निकाय (इन्टिटी)” भन्नाले देहायका संस्था वा संगठन सम्झनु पर्छ ः–
(१) साझेदारी, ट्रष्ट वा कम्पनी,
(२) गाउँ विकास समिति, नगरपालिका वा जिल्ला विकास समिति,
(३) श्री ५ को सरकार,
(४) कुनै विदेशी सरकार वा सो सरकार अन्तर्गतका प्रान्तीय वा स्थानीय सरकार वा कुनै सन्धीद्धारा स्थापना भएको सार्वजनिक अन्तर्राष्ट्रिय संगठन , वा 
(५) आफू बासिन्दा भएको मुलुकमा अवस्थित नरहेको उपखण्ड (१), (२), (३) र (४) मा उल्लेख भएको संस्था वा संगठनको स्थायी संस्थापन ।
(म) “निकायमा रहेको हित” भन्नाले कुनै निकायको आय वा पूँजी प्राप्त गर्ने सांयोगिक (कन्टिन्जेन्ट) अधिकार समेतको अधिकार सम्झनु पर्छ 
(य) “निसर्ग (डिस्पोजल)” भन्नाले दफा ४० मा उल्लेख भए बमोजिम कुनै सम्पत्ति वा दायित्वको बिक्री वा हस्तान्तरण समेतको निसर्ग सम्झनु पर्छ ।
(र) “निहित स्वामित्व” भन्नाले देहायको स्वामित्व सम्झनु पर्छ ः–
(१) कुनै निकायको सम्बन्धमा कुनै प्राकृतिक व्यक्ति वा प्राकृतिक व्यक्तिको हित नरहेको निकायले सो निकायमा प्रत्यक्ष वा अप्रत्यक्ष रुपमा एक वा बढी मध्यस्थ निकायहरुद्धारा राखेको हितका आधारमा सिर्जित स्वामित्व, वा 
(२) कुनै निकायको स्वामित्व रहेको सम्पत्तिको सम्बन्धमा सो निकायमा निहित स्वामित्व रहेका व्यक्तिहरुको स्वामित्वको समानुपातको आधारमा निर्धारण भएको सम्पत्तिको स्वामित्व ।
(ल) “पट्टा” भन्नाले कुनै व्यक्तिले अर्काे व्यक्तिको नगदी सम्पत्ति बाहेकको सम्पत्ति प्रयोग गर्ने अस्थायी अधिकार सम्झनु पर्छ र सो शब्दले इजाजतपत्र, भाडा सम्झौता, छनौट, रोयल्टी सम्झौता वा वहालवालाको हक समेतलाई जनाउँछ ।
(व) “प्राकृतिक व्यक्ति” भन्नाले प्राकृतिक व्यक्ति विशेष सम्झनु पर्छ र यस ऐनको प्रयोजनको लागि सो शब्दले दर्ता भई वा नभई प्राकृतिक व्यक्तिको स्वामित्वमा रहेको एकलौटी फर्म तथा एउटै प्राकृतिक व्यक्तिको रुपमा मानिने गरी दफा ५० बमोजिम छनौट भएको दम्पत्ति समेतलाई जनाउँछ ।
(श) “प्राकृतिक स्रोत बापतको भुक्तानी” भन्नाले देहायको कुनै भुक्तानीको रकम सम्झनु पर्छ ः–
“(१) जमिनबाट पानी, खनिज पदार्थ वा अन्य जीवित वा निर्र्जीव स्रोत निकाल्ने अधिकार प्राप्त गरे बापतको भुक्तानी, वा
 (२) जमिनबाट समग्र वा आंशिक रुपमा निकालिएको प्राकृतिक स्रोत र खनिज पदार्थको जीवित वा निर्जीव स्रोतको परिमाण वा मूल्यका आधारबाट गणना गरिएको रकम ।”
(ष) “बजार मूल्य” भन्नाले कुनै सम्पत्ति वा सेवाका सम्बन्धमा असम्बन्धित व्यक्तिहरुबीच सामान्य बजार व्यवहारको सिलसिलामा सेवा वा सम्पत्तिको सामान्य कारोबार मूल्य सम्झनु पर्छ ।
“(स) “भाडा” भन्नाले घर बहाल समेतका मूर्त सम्पत्तिको बहालमा लगाएको पट्टा अन्तर्गत गरिएका प्रिमियम लगायतका सबै भुक्तानी सम्झनु पर्छ ।  तर यस शब्दले प्राकृतिक स्रोत बापत भएको भुक्तानीलाई जनाउने छैन ।”  
(ज्ञ) “रोजगारी” भन्नाले कुनै पनि किसिमको विगत, वर्तमान वा भावी रोजगारी सम्झनु पर्छ ।
(कक) “राउल्टी” भन्नाले अमूर्त सम्पत्तिको पट्टा अन्तर्गत गरिएको कुनै भुक्तानी सम्झनु पर्छ र सो शब्दले देहायका उद्देश्यका लागि गरिने कुनै भुक्तानी समेतलाई जनाउँछ ः–
(१) प्रतिलिपि अधिकार, पेटेन्ट, डिजाइन, मोडेल, योजना, गोप्य सूत्र वा प्रक्रिया वा टे«डमार्कको प्रयोग वा प्रयोग गर्ने अधिकार राख्ने,

(२) प्रविधिको ज्ञान प्रदान गर्ने,
(३) चलचित्रजन्य फिल्म, भिडियो टेप, ध्वनी रिकर्डिङ वा कुनै अन्य यस्तै माध्यमको प्रयोग वा प्रयोग गर्ने अधिकार र औद्योगिक, व्यापारिक वा वैज्ञानिक अनुभव प्रदान गर्ने,
(४) उपखण्ड (१), (२) वा (३) बमोजिमका कुरामा सहायक हुने किसिमले कुनै सहयोग प्रदान गर्ने ,वा
(५) उपखण्ड (१), (२), (३) वा (४) बमोजिमका कुराका सम्बन्धमा पूर्ण वा आंशिक बन्देज मान्ने ।
तर यस शब्दले प्राकृतिक स्रोतबापतको भुक्तानीलाई जनाउने छैन ।
(कख)  “लगानी” भन्नाले देहाय बमोजिम बाहेक एक वा एकभन्दा बढी सम्पत्ति धारण गर्ने वा त्यस्तो सम्पत्ति लगानी गर्ने कार्य सम्झनु पर्छ ः–
 (१) सम्पत्तिमा स्वामित्व राख्ने व्यक्तिबाट निजी प्रयोगमा ल्याइएको सम्पत्ति राख्ने कार्य,
 (२) रोजगारी वा व्यवसाय ।  तर गैर व्यावसायिक करयोग्य सम्पत्ति राख्ने कार्य लगानी मानिनेछ ।”
(कग) “लगानी बिमा” भन्नाले देहायका कुनै बिमा सम्झनु पर्छ ः–
(१) बिमित व्यक्ति वा बिमित व्यक्तिको सम्बद्ध व्यक्तिको मृत्यु सम्बन्धी घटनाका हकमा गरिएकाृे बिमा,
(२) बिमित व्यक्ति वा निजको सम्बद्ध व्यक्तिको व्यक्तिगत चोटपटक वा कुनै खास तवरमा असक्षम हुने घटना सम्बन्धी बिमा,
तर बिमाको बिमा सम्झौता कम्तीमा पाँच वर्षसम्म वहाल रहने वा वहालीको समय सीमा नभएको र करारमा उल्लिखित विशेष परिस्थितिहरुमा बाहेक पाँच वर्षको अवधि भुक्तान हुनु अगावै बिमकबाट अन्त्य गर्न नसकिने गरी गरिएको हुनु पर्नेछ ।
(३) कुनै रकम वा श्रुङ्कलाबद्ध रकमहरु भ्विष्यमा बिमितलाई भुक्तानी हुने गरी गरिएको बिमा,
(४) उपखण्ड (१), (२) , वा (३) अन्तर्गतका बिमाको पुर्नबिमा, र 
 (५) उपखण्ड (४) मा उल्लिखित पुनर्बिमाको पुनर्बिमा ।
(कघ) “लाभांश” भन्नाले निकायबाट हुने वितरण सम्झनु पर्छ ।
(कङ) “बासिन्दा व्यक्ति” भन्नाले कुनै आय वर्षका सम्बन्धमा देहायका व्यक्ति सम्झनु पर्छ ः–
(१) प्राकृतिक व्यक्तिको सम्बन्धमा,
(क) सामान्य बसोबासको स्थान नेपालमा रहेको,
(ख) अविच्छिन्न ३६५ दिनको अवधिमा १८३ दिन वा सोभन्दा बढी नेपालमा रहेको, वा
(ग) श्री ५ को सरकारबाट आय वर्षको कुनै समयमा विदेशमा खटाइएको ।
(२) साझेदारी फर्म,
(३) ट्रष्टको सम्बन्धमा त्यस्तो ट्रष्ट जुन, –
(क) नेपालमा स्थापना भएको,
(ख) ट्रष्टलाई ट्रष्टी आय वर्षमा बासिन्दा व्यक्ति भएको , वा
(ग) ट्रष्टलाई आय वर्षमा बासिन्दा व्यक्ति वा निज संलग्न भएको व्यक्तिहरुको समूहले प्रत्यक्ष वा एक वा बढी मध्यस्थ निकाय (इन्टरपोज्ड इन्टिटी) हरुको माध्यमद्धारा नियन्त्रण गरेको ।
(४) कम्पनीको सम्बन्धमा त्यस्तो कम्पनी जुन, –
 (क) नेपालको कानून अन्तर्गत संस्थापित भएको, वा
(ख) कुनै आय वर्षमा नेपालमा सो कम्पनीको व्यवस्थापन प्रभावकारी गरेको ।
(५) गाउँ विकास समिति, नगरपालिका वा जिल्ला विकास समित,
(६) कुनै विदेशी सरकार र सो सरकार अन्तर्गतका प्रान्तीय वा स्थानीय सरकारको त्यस्तो निकायको सम्बन्धमा जुन,–
(क) नेपालको कानूनअन्तर्गत स्थापित भएको , वा
(ख) कुनै आय वर्षमा नेपालमा त्यस्तो निकायको व्यवस्थापन प्रभावकारी रहेको ।
(७) कुनै सन्धि सम्झौता अन्तर्गत स्थापित संस्था वा निकाय, र
(८) गैर बासिन्दा व्यक्तिको नेपालमा रहेको विदेशी स्थायी संस्थापन ।
(कच) “व्यक्ति” भन्नाले प्राकृतिक व्यक्ति वा निकाय सम्झनु पर्छ ।
(कछ) व्यवस्थापक भन्नाले कुनै निकायको व्यवस्थापकीय निर्णयहरुगर्ने काममा संलग्न हुने व्यक्ति सम्झनु पर्छ र सो शब्दले कुनै ट्रष्टको ट्रष्टी र विदेशी स्थायी संस्थापनमा स्वागित्व भएको व्यक्ति समेतलाई जनाउँछ ।
(कज) “व्यवसाय” भन्नाले कुनै पनि प्रकारको उद्योग, व्यापार, पेशा वा यस्तै अन्य प्रकृतिका व्यावसायिक कारोबार सम्झनु पर्छ र सो शब्दले त्यस्तै प्रकारका विगत, वर्तमान वा भावी व्यवसायहरुलाई समेत जनाउँछ ।
तर यस शब्दले रोजगारीलाई जनाउने छैन ।
(कझ) “ब्याज” भन्नाले देहायका भुक्तानी वा लाभ सम्झनु पर्छ ः–
(१) सावाँ बाहेक क्रण दायित्व अन्तर्गतको भुक्तानी ,
(२) ऋण दायित्व अन्तर्गतको छूट, प्रमियम, अदलबदल भुक्तानी वा त्यस्तै भुक्तानीको माध्यमबाट प्राप्त गरिएको लाभ, र
(३) वार्षिक वृत्ति वा किस्ताबन्दी बिक्री अन्तर्गत सम्पत्ति प्राप्त गर्ने व्यक्तिबाट वा वित्तीय पट्टा अन्तर्गत कुनै सम्पत्तिको प्र्रयोग बापत कुनै व्यक्तिलाई गरिने भुक्तानीमध्य ब्याजको रुपमा लिइने दफा ३२ बमोजिमका रकमहरु ।
(कञ) “व्यापारिक मौज्दात” भन्नाले कुनै व्यक्तिको स्वामित्वमा रहेको निजद्धारा सञ्चालित नियमित व्यवसायको क्रममा बिक्री गरिने सम्पत्ति, कार्य प्रगतिमा रहेको सम्पत्ति र सम्पत्तिमा समाविष्ट हुने सामग्रीहरुको मैज्दात सम्झनु पर्छ ।
(कट) “व्यावसायिक सम्पत्ति” भन्नाले कुनै व्यवसायमा प्रयोग गरिएको कुनै सम्पत्ति सम्झनु पर्छ ।
तर यस शब्दले व्यापारिक मौज्दात वा व्यवसायको ह्रासयोग्य सम्पत्तिलाई जनाउने छैन ।
(कठ) “वितरण” भन्नाले दफा ५३ मा उल्लेख भए बमोजिम कुनै निकायबाट हुने वितरण सम्झनु पर्छ ।
(कड) “विदेश पठाएको आय” भन्नाले गैर बासिन्दा व्यक्तिको नेपालस्थित दफा ६८ बमोजिमको विदेशी स्थायी संस्थापनले विदेश पठाउनु पर्ने आय बैङ्क मार्फत् विदेश पठाएको वा अन्य कुनै पनि तरिकाले भुक्तानी गरेको रकम सम्झनु पर्छ ।
(कढ) “विदेश आयकर ” भन्नाले कुनै विदेशी मुलुकले लगाएको दफा ६९ को उपदफा (८) मा उल्लिखित विदृशी आयकर सम्झनु पर्छ र सो शब्दले कुनै विदेशी मुलुकले लगाएको अन्तिम रुपमा कट्टी हुने कर समेतलाई जनाउँछ ।
(कण) “विदेशी स्थायी संस्थापन” भन्नाले खण्ड (भ) को उपखण्ड (५) बमोजिमको निकाय सम्झनु पर्छ ।
(कत) “विभाग” भन्नाले आन्तरिक राजस्व विभाग सम्झनु पर्छ ।
(कथ) “वैदेशिक मुद्रामा रहेको सम्पत्ति” भन्नाले नेपाली रुपैयाँ बाहेक अन्य विदेशी मुद्रामा रहेको सम्पत्ति सम्झनु पर्छ ।
(कद) “स्थायी संस्थापन” भन्नाले कुनै व्यक्तिले पूर्ण वा आंशिक रुपमा व्यवसाय सञ्चालन गर्ने स्थान सम्झनु पर्छ र सो शब्दले देहायका स्थान समेतलाई जनाउँछ ः–
(१) व्यवसाय सञ्चालन गर्ने सामान्य क्रममा स्वतन्त्र हैसियतले कार्य गर्ने साधारण एजेण्ट बाहेक कुुनै एजेण्ट मार्फत् कुनै व्यक्तिले पूर्ण वा आंशिक रुपमा व्यवसाय गर्ने स्थान,
(२) कुनै व्यक्तिको मुख्य उपकरण वा मुख्य मेशिनरी रहेको वा प्रयोग गरेको वा जडान गरेको स्थान,
(३) कुनै बाह्र महिनाको अवधिमा एकै पटक वा पटक पटक गरी नब्बे दिनभन्दा बढी कुनै व्यक्तिले कर्मचारी मार्फत् वा अन्य प्रकारले प्राविधिक, व्यावसायिक वा परामर्श सेवा प्रदान गरेको कुनै देशको एक वा एकभन्दा बढी स्थान वा 
(४) कुनै व्यक्तिले नब्बे दिन वा सोभन्दा बढी समयसम्म निर्माण गर्ने, जडान गर्ने वा स्थापना गर्ने आयोजनामा संलग्न रहेको स्थान तथा सो आयोजनाको सुपरिवेक्षण सम्बन्धी क्रियाकलापहरु सञ्चालन गरेको स्थान ।
(कध) सम्पत्ति भन्नाले कुनै पनि किसिमको मूर्त वा अमूर्त सम्पत्ति सम्झनु पर्छ र सो शब्दले मुद्रा, ख्याति, प्रविधि ज्ञान, जायजेथा कुनै व्यक्तिको विदेशी शाखामा रहेको स्वामित्व वा हित, आम्दानी गर्ने वा भविष्यमा आम्दानी प्राप्त गर्ने अधिकार र कुनै त्यस्तो सम्पत्तिको कुनै भाग समेतलाई जनाउँछ ।
(कन) “सम्बद्ध व्यक्ति” भन्नाले एक अर्काे व्यक्तिको मनसाय अनुसार काम गर्ने एक वा एकभन्दा बढी व्यक्ति वा त्यस्ता व्यक्तिहरुको समूह सम्झनु पर्छ र सो शब्दले देहायका व्यक्तिहरु समेतलाई जनाउँछ ः–

“(क न१) “समायोजित करयोग्य आय” भन्नाले कुनै व्यक्तिको कुनै आयवर्षको करयोग्य आयको गणना गर्दा दफा १२ बमोजिम कुनै रकम नघटाई तथा दफा १४ को उपदफा (२), दफा १७ वा १८ बमोजिम कट्टी नगरी गणना गरिएको करयोग्य आय सम्झनु पर्छ ।”  
(१) प्राकृतिक व्यक्ति र सो व्यक्तिको नातेदार वा कुनै व्यक्ति वा सो व्यक्तिको साझेदार,
(२) विदेशी स्थायी संस्थापन र सो संस्थापनमा स्वामित्व भएको व्यक्ति र 
(३) कुनै निकाय आफै वा आफूसंग सम्बन्धित अन्य व्यक्ति वा सहयोगी निकाय वा त्यस्ता सहयोगी निकायसंग सम्बन्धित अन्य कुनै व्यक्ति वा निकायसंग मिलेर कुनै निकायको आय,पुँजी वा मताधिकारको पचास प्रतिशत वा सोभन्दा बढी हिस्सा नियन्त्रण गर्ने वा सोबाट फाइदा प्राप्त गर्ने निकाय ।
तर देहायका व्यक्ति सम्बद्ध व्यक्ति हुने छैन ः–
(१) कर्मचारी,
(२) विभागले सम्बद्ध व्यक्ति होइन भनी तोकेको व्यक्ति
(कप) “साझेदारी” भन्नाले बीसजनाभन्दा कम साझेदार भई प्रचलित कानून बमोजिम दर्ता भए वा नभएको फर्म सम्झनु पर्छ ।
तर यस शब्दले दर्ता भएको वा नभएको एकलौटी फर्म वा संयुक्त उद्यमलाई जनाउने छैन ।
(कफ) सामान्य बिमा भन्नाले लगानी बिमा बाहेकका बिमा सम्झनु पर्छ ।
(कब) सामान्य ब्याज दर भन्नाले वार्षिक पन्ध्र प्रतिशतको ब्याजको दर सम्झनु पर्छ ।
(कभ) स्वीकृत अवकाश कोष भन्नाले दफा ६३ को उपदफा (१) बमोजिम विभागबाट स्वीकृति प्राप्त गरेको अवकाश कोष सम्झनु पर्छ ।
(कम) सेवा शुल्क भन्नाले कुनै व्यक्तिले उपलब्ध गराएको सेवा बापत निजलाई बजार मूल्य अनुसार भुक्तानी गरिएको कुनै शुल्क सम्झनु पर्छ र सो शब्दले कमिशन बैठक भत्ता, व्यवस्थापन शुल्क वा प्राविधिक सेवा शुल्कलाई समेत जनाउँछ ।
(कय) शेयरवाला भन्नाले कुनै कम्पनीको हिताधिकारी व्यक्ति सम्झनु पर्छ ।
(कर) ह्रासयोग्य सम्पत्ति भन्नाले कुनै व्यवसाय वा लगानीमा आय आर्जनको लागि प्रयोग गरिएका टुटफुट, पुरानो हुँदै गएको वा समय व्यतीत हुदै गएको कारणबाट मूल्यमा ह्रास हुने सम्पत्ति सम्झनु पर्छ ।
तर यस शब्दले व्यापारिक मौज्दातलाई जनाउने छैन ।
(कल) हिताधिकारी भन्नाले कुनै निकायमा खण्ड (म) बमोजिमको हित भएको व्यक्ति सम्झनु पर्छ ।
(कव) तोकिएको वा तोकिए बमोजिम भन्नाले यस ऐन अन्तर्गत बनेको नियमहरुमा तोकिएको वा तोकिए बमोजिम सम्झनु पर्छ ।

a) A person who has taxable income in any income year,

b) A non-resident person's foreign permanent establishment situated in Nepal, which sends income of any income year pursuant to Sub-sections (3) and (4) of Section 68, and

c) A person who receives payment final tax withholding in any income year.

2) The following amounts received by any person in any income year shall be included in computing the profits and benefits derived by that person from investment in that income year:

a) Amount for wages, salary, leave, amount for overtime work, fee, commission, prize, gift, bonus, and payment for other facilities

b) Payment for any personal allowance including amount for dear allowance, subsistence allowance, entertainment and transport allowance,

c) Payment received for settlement of or reimbursement of expenses incurred by him/her or his/her associated person for personal purpose,

d) Payment made for having given consent to any terms of employment,

e) Payment made for termination, loss of employment, or for compulsory retirement,

f) Retirement payment and retirement contribution including the amount deposited by the employer for that employee in the retirement fund,

g) Other payments made in respect of employment, and

h) Other amounts required to be included pursuant to Chapter-6 or 7.

3)  Notwithstanding anything contained in Sub-section (2), the following matters shall not be included in computing profits and benefits derived by any person from investment: 

a) The amounts deductible under Sections 10, 54 and 69 and payment from which tax is withheld finally, and

b) Food and Tiffin provided by the employer to the employee at the work site in a manner that it is available to all employees on the same terms,

c) The settlement or reimbursement of the following expenditure incurred by any employee:

1. The expenditure fulfils the business purpose of the employer, or
2. The expenditure exempted or to be exempted in the computation of the income earned from investment.

d) Payment of such petty amounts of which accounts are impracticable to be maintained or difficult to be maintained administratively as prescribed.

Explanation: For purposes of this section, "payment" means the payment:-

(a) made by the employer,

(b) made by the associated person of the employer, and

(c) made by any third person as referred to in the agreement made with the employer or his associated person.

a) Amount exempted from tax granted to any person entitled to tax exemption facility as provided for in a bilateral or multilateral treaty concluded between Government of Nepal and any foreign country or international organization,

b) Amount received by any natural person for doing employment in the governmental service of a foreign country,

Provided that, -

(1) The person has to be a resident or non-resident person only because of doing employment, and

(2) Such amounts have to be paid from the governmental fund of that country.

c) Amount received by a natural person referred to in clause (b) who is not a citizen of Nepal or by his/her nearest family member from the governmental fund of a foreign country,

d) Amount received by a non-Nepalese citizen appointed in the service of Government of Nepal under a the term and condition of tax exemption,

e) Allowances provided by Government of Nepal to the widow, aged (senior citizen)   or disabled,

f) Amounts received as gift, inheritance or scholarship except the amounts required to be included in computing income pursuant to Sections 7, 8 or 9,

g) Amounts received by an organization entitled to exemption for the following:

1) Donation, gift,

2) Other contributions directly related with an organization entitled to exemption as referred to in Clause (d) of Section 2 without having consideration or without hoping for such contribution, or

3) Amount earned by Nepal Rastra Bank in consonance with its objectives, or

h) Amount received for pension by a Nepalese citizen having retired from the military or police service of a foreign country from the governmental fund of that country.

2) No tax shall be levied on the income of a cooperative organization and saving and credit cooperative organization or institution, which has been registered and operated under the Cooperatives Act, 2048 (1991) and which carries on agricultural and forest based industries such as professional forest related enterprises inclusive of sericulture and silk production, horticulture and fruits processing, animal husbandry, dairy industry, poultry farming, fishery, tea gardening and processing, coffee farming and processing, herbiculture and herb processing, vegetable seeds farming, bee keeping, honey production, rubber farming, floriculture and production, leasehold forestry, agro-forestry etc., cold storage established for the storage of fruits, agro-seeds, pesticides, fertilizers and agricultural inputs (except those operated with mechanical power). No tax shall also be levied on the dividends distributed by such organization or institution.

3) Tax shall be levied as follows on the income earned by any person from a special industry in an income year:

a) If the person give direct employment to Six Hundred or more Nepalese citizens through out the year, Ninety percent of the rate of tax leviable on the income of that year,

b) If a special industry has been operated in remote, undeveloped and underdeveloped areas, respectively Seventy, Seventy-Five and Eighty percent of the tax leviable on income of the years for ten income years including the income year in which such an industry started operating.

4) In computing the income by the person entitled to exemption pursuant to Sub-sections (1), (2) or (3), such person has to compute the income as mentioned in the Sub-sections as if that only income were derived by other separate persons.

5) A person who is in a position to have more than one exemption in respect of the same income pursuant to clauses (a) and (b) of Sub-section (3) shall enjoy only one exemption chosen by him.

6)    Notwithstanding anything contained in Sub-section (3), in cases where any other person has used the properties used to operate the industry referred to in clause (b) for the operation of the industry of the same type previously, the period during which they have been so used shall also be reckoned, while reckoning the time-limit referred to in that Sub-section.

Explanation: For purposes of this Section:-

(a) "Agricultural business" means a business of producing crops from a public or private land or acquiring rent or crops from a tenant using the land.

(b) "Remote", "undeveloped" and "underdeveloped area" means the areas as referred to in Schedule-3 of the Industrial Enterprises Act, 2049(1992).

(c) "Special industry" means a production-oriented industry as classified in Section 3 of the industrial Enterprises Act, 2049 (1992) except an industry producing cigarette, Bidi, Sigar, tobacco, Khaini, other productions of the same nature involving tobacco as the principal raw materials, liquors, beer and products of similar kind.

(२) सहकारी ऐन, २०४८ बमोजिम दर्ताभई सञ्चालन भएको कुषि वा वन पैदावारमा आधारित रेशम खेती तथा रेशम उत्पादन, फलफूल खेती तथा फलफूल प्रशोधन, पशुपालन, डेरी उद्योग, कुखुरापालन, मत्स्यपालन, चिया खेती तथा प्रशोधन, कफी खेती तथा प्रशोधन, जडिबुटी खेती तथा प्रशोधन, तरकारीका बीउ विजन उत्पादन, मौरीपालन, मह उत्पादन, रबर खेती, फलफूल खेती तथा उत्पादन, कवुलियति वन, एग्रोफरेष्ट्री आदि व्यावसायिक वन सम्बन्धी व्यवसायहरु जस्ता कृषि तथा वनजन्य उद्योगहरु, तरकारी भण्डारका लागि स्थापित शीत भण्डार, कृषि सम्बन्धी बीउ विजन, कीटनाशक औषधी, मल तथा कृषि औजार (यान्त्रिक शक्तिबाट चल्नेबाहेक) को कारोबार गर्ने सहकारी संस्था तथा ग्रामीण समुदायमा आधारित बचत तथा ऋण सहकारी संस्था वा संघको आयमा कर लाग्ने छैन । यस्तो संस्था वा संघले वितरण गरेको लाभांशमा समेत कर लाग्ने छैन ।

(३) कुनै व्यक्तिलाई कुनै आय वर्षमा विशेष उद्योगबाट भएको आयमा देहाय बमोजिम कर लगाइनेछ ः–

(क) छ सय वा सोभन्दा बढी नेपाली नागरिकलाई वर्षभरि नै प्रत्यक्ष रोजगारी दिएमा सो वर्षको आयमा लाग्ने करको दरको नब्बे प्रतिशत,

(ख) अति अविकसित, अविकसित, अल्प विकसित क्षेत्रहरुमा विशेष उद्योग सञ्चालन भएको भए त्यस्ता उद्योग सञ्चालन भएको आय वर्ष समेत दश आयवर्षका लागि सो वर्षहरुको आयमा लाग्ने करको क्रमश ः सत्तरी, पचहत्तर र असी प्रतिशत ।

(४) उपदफा (१) , (२) वा (३) बमोजिम छूट पाउने व्यीिक्तले आयको गणना गर्दा अन्य छुट्टै व्यक्तिद्धारा सो आय मात्र प्राप्त गरे सरह मानी सो उपदफाहरुमा उल्लेख भए अनुसार आयको गणना गर्नु पर्नेछ ।

(५) एउटै आयको सम्बन्धमा उपदफा (३) को खण्ड (क) र (ख) बमोजिम एकभन्दा बढी छूट पाउन सक्ने अवस्था भएको व्यीिक्तले आफूले रोजेको कुनै एउटा छूट मात्र पाउनेछ ।

(६) उपदफा (३) मा जुनसुकै कुरा लेखिएको भए तापनि सो उपदफा को खण्ड (ख) बमोजिमको उद्योग सञ्चालन गर्न प्रयोग भएका सम्पत्तिहरु साबिकमा अन्य व्यक्तिले सोही किसिमको उद्योग सञ्चालन गर्न प्रयोग गरेको भए सो उपदफाको समयको सीमाको गणना गर्दा त्यसरी प्रयोग भएको अवधिलाई समेत गणना गर्नु पर्नेछ ।

 स्पष्टीकरण ः यस दफाको प्रयोजनको लागि,–

(क) “कृषि व्यवसाय” भन्नाले सार्वजनिक वा निजी जमिनबाट बालीनाली उत्पादन गर्ने वा जमिन प्रयोग गर्ने मोहीबाट कुत वा बाली प्राप्त गर्ने व्यवसाय सम्झनु पर्छ ।

(ख) “अति अविकसित”, “अविकसित” र “अल्प विकसित क्षेत्र” भन्नाले औद्योगिक व्यवसाय ऐन, २०४९ को अनुसूची–३ मा उल्लिखित क्षेत्र सम्झनु पर्छ ।

(ग) “विशेष उद्योग” भन्नाले चुरोट, बिंडी, सिगार, खाने सूर्ति, खैनी, मुख्य कच्चा पदार्थ सूर्ति भएको सोही प्रकृतिक अन्य उत्पादनहरु, मदिरा, बीयर तथा यस्तै प्रकारका वस्तु उत्पादन गर्ने उद्योग बाहेक औद्योगिक व्यवसाय ऐन, २०४९ को दफा ३ मा वर्गीकरण गरिएका उत्पादनमूलक उद्योग सम्झनु पर्छ । 

a)  Made in that income year,

b) Made by that year, and

c) Made in earning income from the business or investment.

(क) कुनै रकम ऋण लिए बापत सो ऋण दायित्व सिर्जना भएकोमा सो रकम सोही वर्षँ प्रयोग गरिएको वा सो वर्षमा प्रयोग गरिएका कुनै सम्पत्ति खरिद गर्न प्रयोग गरिएको , वा
(ख) अन्य कुनै अवस्थामा सो ऋण दायित्व सिर्जना हुन गएको ।
तर यस्तो ऋण दायित्व व्यवसाय वा लगानीबाट आय आर्जन हुने कार्यका लागि सिर्जना भएको हुनु पर्नेछ ।
(२) उपदफा (१) मा जुनसुकै कुरा लेखिएको भए तापनि कर छूट पाउने संस्थाद्धारा नियन्त्रित बासिन्दा निकायले कुनै आय वर्षमा नियन्त्रण गर्ने व्यक्ति वा सम्बद्ध व्यक्तिलाई व्याज भुक्तानी गरेमा उपदफा (१) बमोजिम कट्टी गर्न पाउने त्यस्तो व्याज रकम देहायका रकमहरूको जम्मा भन्दा बढी हुने छैन ः–
(क) सो निकायको करयोग्य आयको गणनामा समावेश गरिने सो वर्षमा प्राप्त गरेको सबै ब्याज रकम, र
(ख) सो निकायबाट प्राप्त गरिएको कुनै ब्याज समावेश नगरी वा सो निकायबाट बुझाइएको कुनै ब्याज कट्टी नगरी गणना गरिएको सो निकायको सो वर्षको करयोग्य आयको पचास प्रतिशत रकम ।
(३) उपदफा (२) बमोेजिम कट्टी गर्न नदिएको वा नगरिएको कुनै ब्याजलाई अगामी आय वर्षमा जिम्मेवारी सार्न र खर्च भएको देखाउन पाउनेछ ।
स्पष्टीकरण ः यस दफाको प्रयोजनको लागि कुनै आय वर्षको लागि “कर छूट पाउने संस्थाद्धारा नियन्त्रित बासिन्दा निकाय भई सो बासिन्दा निकायमा सो वर्षको कुनै समयमा देहायका व्यक्ति वा संस्थाहरुको पच्चीस प्रतीशत वा सोभन्दा बढी निहित स्वामित्व वा नियन्त्रण रहेको निकाय सम्झनु पर्छ ः–
(क) कर छूट पाउने संस्था र सो संग सम्बद्ध व्यीिक्त,
(ख)  सो वर्षमा दफा ११ बमोजिम कर छूट पाउने व्यक्ति वा त्यस्तो व्यीिक्तसंग सम्बद्ध व्यक्ति,
(ग) गैर बासिन्दा व्यीिक्त वा गैर बासिन्दा व्यक्तिसंग सम्बद्ध व्यक्ति , वा
(घ) खण्ड (क), (ख) र (ग) मा उल्लिखित व्यीिक्तहरुको कुनै संयोजन ।

 “तर कारखानाको शिरोभार लागतमा मर्मत तथा सुधार र ह्रास कट्टी बापतको कुनै रकम समावेश हुने छैन ।”  
(घ) “परिवर्तनशील कारखाना शिरोभार लागत” भन्नाले व्यापार मौज्दातको उत्पादित परिमाणको परिवर्तनसंगै प्रत्यक्ष रुपमा परिवर्तनसंगै प्रत्यक्ष रुपमा परिवर्तन हुने कारखाना शिरोभार लागत सम्झनु पर्छ ।

तर परिवर्तनशील कारखाना शिरोभार लागतमा मर्मत तथा सुधार र ह्रास कट्टी बापतको कुनै रकम समावेश हुने छैन ।”  

(३) उपदफा (२) बमोजिमको सीमाको परिणाम स्वरुप कट्टी गर्न नपाइने मर्मत तथा सुधार वापत कुनै अधिक खर्च वा सोको भाग आगामी आयवर्षको सुरुमा सम्बन्धित सम्पतिको समूहको ह्रास आधार रकममा जोड्न पाउनेछ ।”  

a) Loss suffered by that person from any other business and not deducted in that year, and

b) Loss suffered by that person from any business and not deducted in the last four income years.

Provided that, in the case of the projects which involve construction and operation of public infrastructures and are transferred to Government of Nepal and the projects on construction of powerhouses and generation and transmission of electricity, loss not deducted in the last seven income years.

2) For purposes of computing the income earned by any person from any investment in any income year, such person may deduct the loss suffered by that person from any other investment and not deducted in that year.

3) Subject to Sub-sections (1) and (2) and for purposes of these Sub-sections, any loss suffered by any person in respect of the foreign source and not deducted may be deducted only in computing the income earned by that person from his foreign source, and the loss suffered in earning any non-taxable income and not deducted may be deducted only in computing non-taxable income of that person.

4) Subject to Sub-sections (1) and (2), if any person suffers a loss in an income year when a long-term contract obtained by any person by making competition of the business at the international level was completed or when a disposal was made in any other manner or a loss which was not deducted and the liability whereof is allowed to be carried forward in the coming year pursuant to clause (b) of Sub-section (1) is related with a long-term contract, the Department may, by a notice in writing, give permission to deal with that loss as follows:-

a) The loss may be carried backward in last income year or years, and

b) The loss may be treated as not deducted only to the extent of the excess where, in computing the income of the business related with that long-term contract, the amounts to be included in the incomings exceed the amounts to be included in the outgoings.

5) The following loss suffered by any person in any income year has to be allocated as if it were related with a long-term contract or contracts of that person:-

(a) The loss resulted from a long-term contract or contracts related with the business, and

(b) The loss on excess of the expenses to be deductible in computing the income earned from that business in the year related with the contract for each such contract.

6) If, in computing the income earned by any person in any income from more than one business or investment, that person is allowed to deduct the loss not deducted from more than one business or investment, that person may on his own determine the priority of the business or investment from which the portion of loss is deducted.

7) If, in computing the loss suffered by any person from any business or investment in any income year, this section is not used and the deductible amounts exceed the amounts includable in computing the income from the business or investment of that person, such excess amounts have to be computed.

Explanation: For purposes of this Section, "the loss not deducted" means the loss to the extent not deducted in computing the income of any person pursuant to Sub-sections (1), (2) or (4).

2) A natural person shall, while computing the income to be earned from his employment and investment, maintain accounts on the cash basis, for purposes of tax.

3) A company shall maintain accounts on the accrual basis, for purposes of tax.

4) Except in cases where the Department has otherwise specified by issuing a notice in writing, any person may, for purposes of income tax, maintain accounts on the cash or accrual basis, subject to Subsections (1), (2) and (3).

5) Any person may make an application to change the method of accounting for tax purposes, subject to Sub-sections (2) and (3). If the Department thinks that it is necessary to change the method of accounting to clearly show the income of such person, the Department may give permission to change the method of accounting.

6) If the method of accounting of any person for purposes of tax is changed pursuant to Sub-section (5), in computing the income of that person in the income year when such change is made, adjustment has to be so made that no amounts out of those included, deducted or to be included or deducted are omitted or duplicated.

(a) To treat as income only that which is received at the time when payment is received by him or made available to him and include it in his income.

(b) To deduct for expense only after he pays out.

(२) उपदफा (१) मा उल्लेख भए बमोजिम कुनै व्यक्तिको आय गणना गर्दा कट्टी गर्ने प्रयोजनको लागि देहायका खर्चहरु व्यहोरेको मानिनेछ ः–
(क) कुनै अर्काे व्यक्तिबाट भएको भुक्तानीको सट्टामा त्यस्तो खर्च समावेश भएको कुनै भुक्तानी गरिएको भएमा देहायको अवस्थामा खर्च व्यहोरेको मानिनेछ ः–
(१) सो व्यक्तिमा सो भुक्तानी गर्ने दायित्व रहेकोमा,
(२) त्यस्तो दायित्वको मूल्य यथार्थपरक ढङ्गले अनुमान गर्न सकिने भएकोमा, र”
(ख)  खण्ड (क) मा उल्लिखित अवस्था बाहेक अन्य सबै अवस्थामा भुक्तानी गरिएको समयमा खर्च व्यहोरेको मानिनेछ ।

(३) कुनै लगानी वा व्यवसायबाट भएको आयको गणना गर्न एक्रुयल आधारमा लेखा राख्ने व्यक्तिलाई देहायका अवस्थाहरुमा विभागले लिखित सूचना दिई कर घट्ने भएमा कर प्रयोजनको लागि भुक्तानीलाई पछि सार्ने वा घटाउने कार्यलाई रोक्न सो भुक्तानी दिने समयलाई समायोजन गर्न सक्नेछ ः–
(क) निम्न अनुसार भएमा,–
(१) कुनै आय वर्षको लागि आयको गणना गर्दा कुनै खर्च कट्टी गर्न पाउने तर सो व्यक्तिले कर प्रयोजनको लागि नगद आधारमा लेखांकन गर्नु परेको भए सो खर्च कुनै आगामी आय वर्षमा मात्र कट्टा गर्न माउँदथ्यो, वा 
(२) सो आय वर्षमा आगामी आय वर्षको आय गणना गर्दा मात्र समावेश गर्नु पर्ने कुनै भुक्तानी पाएको तर सो व्यक्तिले कर प्रयोजनको लागि नगद आधारमा लेखांकन गर्नु परेको भए सो भुक्तानीको रकम सो भुक्तानी पाएकै आय वर्षमा समावेश हुन्थ्यो , र 
(ख) कुनै व्यक्तिले कुनै आय वर्षमा भुक्तानी दिँदा वा पाउँदा तिर्नु पर्ने कुल करलाई घटाउने भएमा ।

(३क) उपदफा (१) मा जुनसुकै कुरा लेखिएको भए तापनि बैङ्किङ्ग व्यवसायका सम्बन्धमा नेपाल राष्ट्र बैङ्क ऐन, २०५८ तथा बैङ्किङ्ग सम्बन्धी प्रचलित कानूनका अधीनमा रही नेपाल राष्ट्र बैङ्कले तोकेको लेखाङ्कनलाई विभागले मान्यता दिन सक्नेछ ।”  

(४) व्यवसाय वा लगानीबाट भएको कुनै व्यक्तिको आय एक्रुयल आधारमा गणना गर्दा सो व्यक्तिले आपूmले पाउनु पर्ने कुनै भुक्तानी समावेश गरेकोमा वा आपूmले व्यहोर्नु पर्ने कुनै भुक्तानी कट्टा गरेकोमा सटही दरको फरकको कारण समेतले गर्दा सो व्यक्तिले भुक्तानी पाउँदा वा भुक्तानी दिँदा फरक पर्न गएमा फरक रकमलाई भुक्तानी प्राप्त हुँदा वा दिँदा समायोजन गर्नु पर्नेछ ।”  
 

Explanation: For purposes of this section, "long-term contract" means a contract in the following circumstance":-

(a) A contract with a validity period of more than twelve months, and

(b) A contract with a deferred consideration except a contract which is concluded for production, installation or construction or for the discharge for relevant services for each of such works or which does not contain such elements.

2) A contract with a deferred consideration, a contract to be included according to the sum of sequential increase, a contract to be deducted according to the sum of sequential increase, an excluded contract and a contract of completion percentage shall be as prescribed.

2) If the amounts to be included or deducted in computing the income of any person in any income year have been quoted in other currency except Nepalese rupees, such currency has to be converted into Nepalese rupees as per the exchange rate prevailing at the time when the amount was received, expended, paid, or otherwise worked out for tax purposes.

3) Notwithstanding anything contained in Sub-section (2), in cases where the department has, by issuing a notice in writing, given permission for purposes of that Sub-section, any person may apply the average exchange rate prescribed by the Department.

(क) कुनै भुक्तानीबाट अप्रत्यक्ष रुपले फाइदा लिएमा, वा
(ख) कुनै भुक्तानी प्राप्त गर्ने व्यक्ति निर्दिष्ट गरेमा ।

(a) Compensation for any income earned or likely to be earned by that person from any business or investment or for any amount to be included in the computation of that income, or

(b) Compensation for any loss suffered or likely to be suffered by that person from any business or investment or for any expenses to be deducted in the computation of that income.

2) In carrying anything mentioned in Sub-section (1), the Department may do as follows:-

a) To re-characterize any income, loss, amount or source and type of payment, or

b) Where various expenses including main office expenses which any person had to incur to operate any business have yielded benefits to the associated person or persons, to allocate such expenses between the associated persons on the comparative basis of the turnover of the business.

2) The transfer of the following amounts by one or more interposed entities directly or indirectly between persons and associated persons as mentioned in Sub-section (1) and circumstances where attempts are made to divide income to lessen the tax required to be paid by the persons or associated persons by virtue of that transfer shall also be included:-

a) The amounts to be received and expenses to be incurred, or

b) The amounts to be received or used from any property by the transferee of that property or expenses incurred or payment made by that person for the acquisition of ownership of that property.

3) In determining as to whether or not any person has attempted to divide any income pursuant to Sub-section (2), the Department shall take the market value of any payment made for the transfer as the basis.

(a) To re-characterize any arrangement or any part of such arrangement made or attempted to be made as a part of a tax avoidance scheme,

(b) To disregard any arrangement or any part of such arrangement that does not show any substantial effect, or

(c) To re-characterize any arrangement or any part of such arrangement that does not show any substantial element.

Explanation: For purposes of this Section, "tax avoidance scheme' means any arrangement with a main objective to have avoidance of tax liability or to lessen the tax liability.

a) The sum of all losses suffered in that year from the disposal of business property or liability,

b) The loss that could not be deducted elsewhere out of the net loss suffered from any other business of that person in that year, and

c) The loss that could not be deducted out of the net loss suffered from that business in any income year or from any other business of that person in the past.

2) The net profits derived from the disposal of taxable nonbusiness property of investment of any person for any income year shall be computed by deducting the following losses from the sum of all profits derived from the disposal of taxable non-business of that investment in that income year:-

a) The sum of all losses suffered in that year from the disposal of taxable non-business property of that investment,

b) The loss that could not be deducted elsewhere out of the net loss suffered from any other business or investment of that person in that year, and

c) The loss that could not be deducted out of the net loss suffered from that investment, any business or any other investment of that person in any past income year.

3) Any person can make a claim for deduction pursuant to sunsection (1) or (2) in respect of a loss suffered from the disposal of the property or liability of foreign source only to the extent of the benefit derived from the disposal of any property or liability of foreign source.

4) If any person is entitled, under Sub-section (1) or (2) to deduct the net loss suffered from a business or investment in more than one computation pursuant to Sub-section (1) or (2), he may select computations for the purpose of deducting that loss or portion thereof.

Explanation: For purposes of this Act,-

(1) "Net loss" means,-

(a) In respect of any business, the amount to the extent that the loss suffered from the disposal of the business property or liability of that business in any income year exceeds the profit derived from the disposal of business property or liability of that business in that year, and

(b) In respect of any investment, the amount to the extent that the loss suffered from the disposal of the taxable nonbusiness property of that investment in any income year exceeds the profit derived from the disposal of taxable non-business property of that investment in that year.

(2) "Net loss that could not be deducted" means of any business or investment,-

(a) The loss that could not be deducted pursuant to clause (b) or (c) of Sub-section (1) or clause (b) or (c) of Sub-section (2) out of the net loss suffered in that year, and

(b) Any loss of that business or investment that could not be deducted referred to in Sub-section (7) of Section 20, which could not be remitted by virtue of the time limit referred to in Sub-section (1) or (2) of Section 20.

2) The loss suffered by any person from the disposal of any property or liability has to be computed, considering it to be the extent that the sum of the outgoings for that property or liability exceeds the sum of the income earned from that property or liability at the time of disposal.

तर यस्तो आम्दानीमा कर छूट पाएको रकम अन्तिम रुपमा कट्टी हुने भुक्तानी वा सो व्यक्तिको आय निर्धारण गर्दा आयमा समावेश गरिने रकमहरु समावेश हुने छैनन् ।
(२)  कुनै खास समयमा कुनै सम्पत्ति वा दायित्व बापतका खूद आम्दानीहरुमा सो समयमा सो सम्पत्ति वा दायित्व बापतका आम्दानीहरु बढी भए जतिको रकमहरु समावेश गर्नु पर्नेछ ।
(३) परिच्छेद–६ र परिच्छेद–७ मा उल्लिखित विषयका सम्बन्धमा आय गणना गर्दा आयमा समावेश गरिने रकमलाई कुनै सम्पत्ति वा दायित्व बापतको आम्दानी रकमको सन्दर्भमा भए सरह मानी उपदफा (१) बमोजिम  गर्नु पर्नेछ ।
तर उल्लिखित व्यवस्थाको सम्बन्धमा दफा २६ लागू हुने छैन ।

2) If the burden of liability of any person ceases, he shall be deemed to have disposed that liability. The disposal of liability has to include acts such as settlement, cancellation, release and completion of the liability or amalgamation of liability in other liability or property.

3) Notwithstanding anything contained in Sub-sections (1) and (2), any person shall be deemed to have disposed any property or liability in the following circumstances:-

a) In respect of a natural person, immediately before the death of that person,

b) In respect of any property, if the sum of the incomings for that property exceeds the sum of the outgoings for that property,

c) In respect of any property subject to debt claim,-

(1) If it has become a bad debt as per the standards as prescribed in respect of a debt claim of a bank or financial institution, and

(2) If, in any other circumstance, that person has reasonably believed the debt claim as nonrecoverable.

Provided that, the person has to have already pursued all proper measures to recover that debt claim.

d) If any person has started using a business property, non-business taxable property, depreciable property or stock-in-trade in a manner to alter the type thereof, immediately before the use of the altered form of that property,

e) In the circumstances referred to in section 57 in respect of any entity, and

f) Immediately before that person has become a nonresident person, except the land or building situated in Nepal.

4) If any person disposes any property by leasing it under a financial lease pursuant to Sub-section (1), the lessee of that property shall be deemed to have acquired the ownership of that property at the time of disposal.

5) The following provisions shall apply for purposes of computing the profits derived by any person from the disposal of the property or liability:-

a) The amounts of net expenses for any property under ownership of any person at the time of commencement of this Act shall be deemed to be equal to the market value of the property prevailing at that time,

b) The amounts of net incomes for liability of any person at the time of commencement of this Act shall be deemed to be equal to the amount as per the market value of the liability prevailing at that time.

(क) सम्पत्तिको सम्बन्धमा, –
(१) सो व्यक्तिलाई निसर्ग बापत निसर्गको समयमा सो सम्पत्तिको बजार मूल्य बराबरको रकम प्राप्त भएको मानिनेछ , र 
(२) सो सम्पत्ति पुनः निसर्ग हँुदा यो दफा बमोजिम निसर्ग भएको बखतसम्म सो सम्पत्ति बापत गरिएका खूद खर्चहरू (नेट आउट गोइङ्ग) प्राप्ति रकम बराबरको रकम भए सरह मानिनेछ ।”

(ख) दायित्वको सम्बन्धमा ,–

(१) सो व्यक्तिलाई निसर्गको समयमा सो दायित्वको बजार मूल्य बराबरको रकम सो निसर्ग बापत खर्च गरेको मानिनेछ, र

(२) सो दायित्व पुनः निसर्ग हुँदा यो दफा बमोजिम निसर्ग भएको समयसम्म उपखण्ड (१) बमोजिम दायित्व बापत गरिएका खुद आम्दानीहरू खर्च रकम बराबरको भए सरह मानिनेछ ।”  

(a) The person who has disposed the property shall be deemed to have received the amount equal to the market value of that property at the time of disposal for the disposal, and

(b) The person who has acquired the property through disposal shall be deemed to have incurred cost in a sum equal to clause (a).

Provided that, this provision shall not be applicable where the provision of Section 45 applies.

(a) That person shall be deemed to have obtained, for disposal, the amount equal to the net expenses incurred immediately before the disposal, and

(b) The person who has acquired the property through transfer shall be deemed to have incurred cost in a sum equal to clause (a).

(a) That person shall be deemed to have obtained, for disposal, the amount equal to the market value of that property prevailing at the time of disposal, and

(b) The person who has acquired the property through transfer shall be deemed to have incurred cost in a sum equal to clause (a).

र 
(ख) खण्ड (क) मा उल्लेख भए बराबरको रकम हस्तान्तरणबाट सम्पत्ति प्राप्त गर्ने व्यक्तिको लागत परेको मानिनेछ ।
तर दफा ४३ र ४४ को व्यवस्था लागू हुने अवस्थामा यो व्यवस्था लागू हुने छैन ।
(२) उपदफा (१) मा जुनसुकै कुरा लेखिएको भए तापनि कुनै व्यक्तिले व्यावसायिक सम्पत्ति , गैर व्यावसायिक करयोग्य सम्पत्ति वा व्यापारिक मौज्दातका रुपमा रहेको सम्पत्तिको स्वामित्व सम्बद्ध व्यक्तिलाई हस्तान्तरण गरी निसर्ग गरेमा र उपदफा (६) बमोजिमका कुराहरु पूरा भएमा देहाय बमोजिम हुनेछ ः–
(क) सो निसर्गको तत्काल अघि सो सम्पत्ति बापत भएको खूद खर्च बराबरको रकम सो निसर्ग बापत सो व्यक्तिले प्राप्त गरेको मानिनेछ र
(ख) खण्ड (क) मा उल्लेख भए बराबरको रकम हस्तान्तरणबाट सम्पत्ति प्राप्त गर्ने व्यक्तिको लागत परेको मानिनेछ ।
(३) उपदफा (१) मा जुनसुकै कुरा लेखिएको भए तापनि उपदफा (६) बमोजिमका कुराहरु पूरा गरी कुनै व्यक्तिले ह्रासयोग्य सम्पत्तिको स्वामित्व सम्बद्ध व्यक्तिलाई हस्तान्तरणबाट निसर्ग गरेमा वा त्यस्तो सम्पत्ति सो ह्रासयोग्य सम्पत्तिको कुनै समूहमा पर्ने भएमा देहाय बमोजिम हुनेछ ः–
(क) सो व्यक्तिले सो निसर्ग हुदाँका बखत अनुसूची–२ को दफा ४ बमोजिम सो समूहको घट्दो प्रणालीको बाँकी मूल्य बराबरको रकम सो निसर्ग बापत प्राप्त गरेको मानिनेछ , र 
(ख) खण्ड (क) मा उल्लेख भए बराबरको रकम हस्तान्तरणबाट सम्पत्ति प्राप्त गर्ने व्यक्तिको लागत परेको मानिनेछ ।
(४) कुनै व्यक्तिले यस दफा बमोजिम कुनै दायित्व सम्बद्ध व्यक्तिलाई हस्तान्तरण गरी वा अन्य कुनै व्यक्तिलाई कुनै मूल्य नलिई हस्तान्तरण गरी सो दायित्वको निसर्ग गरेमा देहाय बमोजिम हुनेछ ः–
(क) सो व्यक्तिको सो निसर्ग बापत बजार मूल्य वा सो निसर्ग हुनुभन्दा तत्काल अघिको सो दायित्व बापत भएको खूद आम्दानीमध्ये जुन घटी हुन्छ सो रकम बराबर लागत परेको मानिनेछ र 
(ख) जुन व्यक्तिलाई सो दायित्व हस्तान्तरण गरिएको हो सो व्यक्तिले उक्त दायित्व बराबरको रकम सो दायित्व लिँदाको सम्बन्धमा प्राप्त गरेको मानिनेछ ।
तर दफा ४३ र ४४ को व्यवस्था लागू हुने अवस्थामा यो व्यवस्था लागू हुने छैन ।
(५) कुनै व्यक्तिले उपदफा (६) मा उल्लिखित कुराहरु पूरा गरी आफ्नो कुनै व्यवसायबाट आय आर्जन गर्दा लिएको कुनै दायित्व सम्बद्ध व्यक्तिलाई हस्तान्तरण गरी निसर्ग गरेमा देहाय बमोजिम हुनेछ ः–
(क) सो व्यक्तिले उक्त निसर्गको तत्काल अघि सो दायित्व बापत गरेको खूद आम्दानी बराबरको रकम सो निसर्गको लागि सो व्यक्तिको लागत परेको मानिनेछ र 
(ख) सो सम्बद्ध व्यक्तिले सो दायित्व लिने सम्बन्धमा उक्त रकम बराबरको प्राप्ति गरेको मानिनेछ ।
(६) उपदफा (२) , (३) र (५) को प्रयोजनको लागि देहाय बमोजिमका कुराहरु पूरा गरेको हुनु पर्नेछ ः–
(क) निसर्ग गरिएको व्यावसायिक सम्पत्ति, व्यापार मौज्दात वा व्यवसायको ह्रासयोग्य सम्पत्ति निसर्ग गर्ने व्यक्तिबाट हस्तान्तरण गरिएको तत्कालपछिको सम्बद्ध व्यक्तिको व्यावसायिक सम्पत्ति, व्यापार मौज्दात वा व्यवसायको ह्रासयोग्य सम्पत्ति हुनेछ ।
(ख) निसर्ग गरिएको गैर व्यावसायिक करयोग्य सम्पत्ति वा कुनै लगानीको ह्रासयोग्य सम्पत्ति निसर्ग गर्ने व्यक्तिबाट हस्तान्तरण गरिएको तत्कालपछिको सम्बद्ध व्यक्तिको व्यवसायिक सम्पत्ति, गैर व्यवसायिक करयोग्य सम्पत्ति ह्रासयोग्य सम्पत्ति वा व्यापार मौज्दात हुनेछ ।
(ग) कुनै दायित्वको हकमा सम्बद्ध व्यक्तिको कुनै व्यवसाय वा लगानीबाट आय आर्जनका लागि सो सम्बद्ध व्यक्तिलाई सो दायित्व हस्तान्तरण गर्नु पर्नेछ ।
(घ) हस्तान्तरणको बखतमा सो हस्तान्तरण गर्ने व्यक्ति र सम्बद्ध व्यक्ति बासिन्दा भएको हुनु पर्छ तथा सम्बद्ध व्यक्ति कर छूट पाउने व्यक्ति भएको हुनु हुदैन ।
(ङ) सो सम्पत्तिमा निहित स्वामित्व वा सो दायित्वमा निहित भार अवस्था अनुसार कम्तीमा पचास प्रतिशत रहिरहनु पर्नेछ र 
(च) अवस्था अनुसार उपदफा (२) , (३) वा (५) अनुसारको छनौट लागू गर्न सो व्यक्ति तथा सम्बद्ध व्यक्ति दुवैबाट लिखित रुपमा अनुरोध गर्नु पर्नेछ ।

a) That person shall be deemed to have received, for the disposal, an amount equal to the sum of the following amounts:-

      (1) Net expenses for that property immediately before the disposal, and

        (2) If the amount derived from the disposal exceeds the expenses incurred in acquiring the substituted property, the amount of such excess, and

b) The person shall be deemed to have incurred expenses in a sum equal to the sum of the following amounts, in acquiring the substituted property.

(1) Net expenses for the disposed property immediately before the disposal, and

(2) If the expenses incurred in acquiring the substituted property exceed the amount derived from the disposal, the amount of such excess.

2) If any person, no later than one year of the involuntary disposal of any liability in any mode out of the modes mentioned in Sub-section (2) of Section 40, bears other liability of similar type in lieu of that liability and makes request in writing to have this Section applied, it shall be as follows:-

a) That person shall be deemed to have incurred expenses, for the disposal, in a sum to be set by subtracting the amount mentioned in clause (2) from the amount mentioned in clause (1):

(1) Amount for net incomes for that liability immediately before the disposal, and

(2) If the expenses incurred in making that disposal exceed the amount in assuming the substituted liability, the amount of such excess expenses, and

c) The person shall be deemed to have received a sum equal to the sum of the following amounts, in acquiring the substituted liability:

(1) Net incomes for the disposed liability immediately before the disposal, and

(2) If the amount derived in assuming the substituted liability exceeds the expenses incurred in making the disposal, the amount of such excess.

(3) The circumstances where involuntary disposal is created after substitution of one security of any entity for another security as a result of a change in the security of the interest in the entity or restructuring of the entity shall be as prescribed.

a) Where net expenses were incurred for the amalgamated property or liability immediately before disposal, that person:

(1) shall be deemed to have received an amount equal to the net expenses in respect of the disposal of the amalgamated property or liability, Provided that, such amount shall not exceed the amount received by that person for the amalgamated liability.

(2) Shall be deemed to have incurred expenses in a sum equal to that amount in holding ownership or bearing liability of the amalgamated property.

b) Where net incomes were earned for the amalgamated liability in respect of the amalgamated liability, immediately before the disposal of the liability, that person:

(1) shall be deemed to have incurred expenses in a sum equal to net incomes for the disposal of the amalgamated liability, Provided that, in the case of the amalgamated property, that amount shall not exceed the amount spent by that person in acquiring that property.

(2) shall be deemed to have received an amount equal to that amount in holding ownership of or bearing liability of the amalgamated property.

2) Without prejudice to the matters contained in Sub-section (1), that Sub-section shall also apply to the following circumstances:-

a) If that person carries out an act of acquisition or sale of any property,

b) If that person acquires the property leased, and

c) If the guaranteed liability is transferred by the transferee.

(a) Where the rights or burdens are permanent, that first person shall be deemed to have disposed any part of that property or liability but not to have acquired any new property or liability, and

(b) Where the rights or burdens are temporary or contingent, that first person shall be deemed not to have disposed any part of that property or liability.

Provided that, such person shall be deemed to have acquired a new property or assumed a new liability, as the case may be.

a) Where one or more properties are acquired or one or more liabilities assumed at the same time,

b) Where one or more properties or liabilities are disposed at the same time.

2) If any person who holds ownership of any property or bears any liability disposes any part of that property or liability, the net expenses or net incomes of that property or liability immediately before the disposal have to be allocated in the portion of the disposed property or liability and in the remaining portion, as the case may be, on the basis of the market value thereof immediately after the disposal.

2) The husband or wife out of the spouses who choose the provision contained in Sub-section (1) in respect of any income year shall be jointly and severally responsible between each other for the tax payable by them in that year.

2) The tax adjustment amount for medical treatment of a natural person in any income year shall be computed also by adding any amount, if any, referred to in Sub-section (4) to the amount to be set by Fifteen per cent of the approved medical treatment expenditure referred to in Sub-section (1).

3) Notwithstanding anything contained in Sub-section (2), the amount of tax adjustment for medical treatment claimed by a natural person in any income year shall not exceed the prescribed limit.

4) In the case of any natural person in any income year, the excess amounts as mentioned in clauses (a) and (b), up to the following limit, may be carried forward and be included in the amount referred to in Sub-section (2) in the forthcoming years:-

a) Where the amount referred to in Sub-section (2) exceeds the limit referred to in Sub-section (3), the amount of such excess, and

b) The amount to the extent that the person referred to in clause (a) of Section 3 is not allowed to use tax adjustment for medical treatment because of being less the amount of tax payable by that person in that year.

Explanation: For purposes of this Section, "approved medical treatment expenditure" means the approved medical treatment expenditure as prescribed.

2) Distributions to be made by an entity shall be as mentioned in Section 53, and in distribution to be so made, tax shall be imposed on its beneficiaries pursuant to Section 54.

3) The amounts derived by and expenses borne by an entity shall be deemed to have been received or borne by the entity irrespective of whether or not the entity has derived the same or borne expenses for other person.

4) A property under ownership of an entity and the liability borne by it shall be deemed to be under ownership or burden of the entity. Such property under ownership and liability borne shall not be deemed to be under the ownership or burden of any other person.

5) Foreign income tax paid by the manager, beneficiary of an entity or the entity, whosoever, for the income of the entity shall be deemed to have been paid by the entity.

6) Transactions between any entity and its managers and beneficiaries shall be recognized subject to Chapter-7 and Section 45

a) Payment made by the entity to any of its beneficiaries in any capacity, or

b) Capitalization of profits.

2) Notwithstanding anything contained in Sub-section (1), any payment referred to in clause (a) of that Sub-section shall be deemed to have been distributed only in the following circumstances:-

a) Where the payment exceed the amount paid by a beneficiary to the entity in exchange for a consideration likely to be obtained from the entity, and

b) Where the following amounts are not included in the payment:-

(1) The amounts included in computing the income of the beneficiary,

(2) The payments from which tax has been deducted finally except for reason of distribution.

3) Only if the distribution of any entity reduces the value of property or liability of that entity, such distribution shall be deemed to be a distribution of profits or return of capital.

4) In any of the following circumstances, a distribution of any entity shall be deemed to be a distribution of profits, subject to Section 55:-

a) Where the distribution is of a type referred to in Sub-section (3) and the amount as per the market value of the property exceeds the total amount of capital contribution consisting of the market value of the liability of the entity at the time of distribution and of capitalized profits, as well,

b) Where profits are capitalized.

5) The distribution referred to in Sub-section (3) shall be deemed to be a return of capital to the extent of non-distribution of profits.

6) The distribution of any entity shall be deemed to be a dividend of that entity to the extent of non-return of capital.

Explanation: For purposes of this Section, "capitalization of profits" means and includes any capitalization made by issuing bonus share or similar other interest or increasing the paid up sum of the interest of that entity or crediting the profits to the premium and capital account of that entity.

a) Where any distribution has been made by such entity in respect of cancellation, release or acceptance of the interest in that entity because of, inter alia, purchase by the entity of its interest or dissolution of the entity by following the process of law in force,

b) Where, except in cases of full dissolution, the rights of the beneficiaries in the portion of profits of that entity have not been computed in proper portion or could not be computed reasonably, and

c) Where the beneficiary who gets that distribution is not an associated person with the entity after the disposal.

2) Notwithstanding anything contained in Sub-section (1), that the provisions contained in that Sub-section and Section 53 shall not be applicable in cases where any entity purchases the interest of any beneficiary in the entity through the securities market recognized under the law in force and make distribution to that beneficiary.

a) The transferor of the property shall be deemed to have received, from the disposal, an amount equal to the market value of the property immediately before the disposal, and

b) The transferee of the property shall be deemed to have incurred cost in a sum equal to that mentioned in clause (a) in acquiring the property

2) If any liability is disposed through transfer of the liability between any entity and its beneficiary subject to Section 45, it shall be as follows:-

a) The transferor of the liability shall be deemed to have incurred cost, in disposing the liability, in a sum equal to the market value of the liability immediately before the disposal, and

c) The transferee of the liability shall be deemed to have received an amount equal to that mentioned in clause (a) in assuming the liability.

3) If any entity distributes dividends except profits as dividends to any beneficiary, the amount of such dividends shall be included in computing the income of the entity.

Provided that, provisions may be made to exclude the matters contained in this Sub-section in any circumstance as prescribed

(१क.) उपदफा (१) मा उल्लेख भए बमोजिमको कुनै निकायको पचास प्रतिशत वा सोभन्दा बढी स्वामित्व परिवर्तनको गणना गर्ने प्रयोजनको लागि सो निकायको देहाय बमोजिमको स्वामित्वलाई मात्र समावेश गरिनेछ ः–

 (क) सो निकायको कुल स्वामित्वको एक प्रतिशत वा सोभन्दा बढी स्वामित्व ग्रहण गर्ने शेयरवालाले ग्रहण गरेको स्वामित्व, र  

(ख) सो निकायको कुल स्वामित्वको एक प्रतिशतभन्दा कम स्वामित्व ग्रहण गर्ने शेयरवालामध्ये सो निकायको कुल स्वामित्वको एक प्रतिशतभन्दा बढी स्वामित्व ग्रहण गर्ने शेयरवालाको सम्बद्ध व्यक्तिले ग्रहण गरेको स्वामित्व ।”  

(२) उपदफा (१) मा उल्लेख भए बमोजिम कुन निकायको स्वामित्व परिवर्तन भएमा त्यस्तो परिवर्तनपछि सो निकायलाई देहायका कार्य गर्न अनुमति दिइने छैन ः–
(क) स्वामित्वको परिवर्तन हुनुभन्दा अघि सो निकायबाट खर्च गरिएका दफा १४ को उपदफा (३) बमोजिम अगाडि सारिएको ब्याज कट्टा गर्न ,
(ख) स्वामित्वको परिवर्तन हुनुभनदा अघि सो निकायलाई हुन गएको नोक्सानी दफा २० बमोजिम कट्टा गर्न,
(ग) स्वामित्वका परिवर्तनपछि हुन गएको नोक्सानीलाई दफा २० को उपदफा (४), दफ ५९ , वा ६० बमोजिम त्यस्तो स्वामित्वको परिवर्तन अघिको कुनै आय वर्षमा पछाडि लैजान, 
(घ) स्वामित्व परिवर्तन हुनुअघि दफा २४ को उपदफा (४) को खण्ड (क) बमोजिम कुनै रकम वा खर्च बापत हिसाब गरेको र स्वामित्वको परिवर्तनपछि सो रकम वा खर्चको दफा २४ को उपदफा (४) को खण्ड (ख) बमोजिम सच्चाएकोमा दफा २४ को उपदफा (४) बमोजिम समायोजन गर्न,
(ङ) स्वामित्वको परिवर्तन हुनुअघि दफ २५ को उपदफा (१) को खण्ड (ख) बमोजिम कुनै रकमको हिसाब गरेको र स्वामित्वको परिवर्तनपछि सो रकम प्राप्त गर्ने अधिकार त्याग गरेको वा सो रकम कुनै व्यक्तिको ऋण दाबी भएकोमा त्यस्तो व्यक्तिले उक्त ऋणलाई डुबेको ऋण मानी अपलेखन गरेमा दफा २५ को उपदफा (१) बमोजिम समायोजन गर्न ,
(च) स्वामित्वको परिवर्तन हुनुअघि सम्पत्ति वा दायित्वको निसर्ग गर्दा हुन गएको घाटा स्वामित्वको परिवर्तनपछि सम्पत्ति वा दायित्वको निसर्गबाट प्राप्त आम्दानीमा दफा ३६ बमोजिम घटाउन,
(छ) स्वामित्व परिवर्तन हुनुअघि दफा ६० को उपदफा (२) को खण्ड (ख) को उपखण्ड  (१) बमोजिम प्रिमियमको हिसाब गरेकोमा र स्वामित्वको परिवर्तनपछि त्यस्तो प्र्रिमियम बिमितलाई फिर्ता दिएमा सो बमोजिम खर्च दाबी गर्न वा 
(ज) स्वामित्व परिवर्तन हुनुअघि विदेशी आयका सम्बन्धमा दाखिला गरेको करलाई दफा ७१ के उपदफा (३) बमोजिम आगामी वर्षमा सार्न ।
(३) कुनै निकायको स्वामित्वमा कुनै आय वर्षमा उपदफा (१) मा उल्लिखित किसिमले परिवर्तन भएमा सो आय वर्षको स्वामित्व परिवर्तन अघि र पछिको भागहरुलाई छुट्टछुट्टै आय वर्षहरुको रुपमा मानिनेछ ।

(क) सो निकायको संचित, चालू वा अपेक्षित मुनाफा भएमा,

 (ख) हित प्राप्त गर्ने कुनै व्यक्तिले सो निकायको कुनै हित प्राप्त गर्छ र सो हित प्राप्तकर्ता वा निजको सम्बद्ध व्यक्तिले सो निकायको हालको वा साबिकको हिताधिकारीलाई वा निजको सम्बद्ध व्यक्तिलाई हित प्राप्तिसंग सम्बन्धित भए वा नभएपनि र हित प्राप्तीको समयमा भुक्तानी भए वा नभएपनि कुनै भुक्तानी गरेकोमा,

(ग) सो भुक्तानी पूर्ण वा आंशिक रुपमा निकायको मुनाफामा प्रतिबिम्बित भएमा, र  

(घ) सो निकायले सो हित प्राप्तकर्तालाई लाभांश वितरण गरेकोमा र सो लाभांशले पूर्ण वा आंशिक रुपले सो मुनाफालाई समावेश गरेमा ।”  

(२) उपदफा (१) बमोजिम गरिएको लाभांश कर घटाउने प्रबन्ध  अन्तर्गत कुनै निकायबाट लाभांश वितरण गरिएकोमा सो प््रबन्धलाई देहायसरह भएको मानिनेछ ः–
(क) हित प्राप्तकर्ता वा निजको सम्बद्ध व्यक्तिले गरेको भुक्तानीलाई सो व्यक्तिले गरेको भुक्तानी नमानी सो निकायले खण्ड (ख) मा उल्लिखित साबिक वा हालको हिताधिकारीलाई लाभांश वितरण गरे सरह मानिनेछ ।
(ख) सो निकायबाट हित प्राप्तकर्तालाई वितरण गरिएकोे लाभांश खण्ड (क) मा उल्लिखित लाभांशबाट सो भुक्तानी भनिएको रकम घटाई हुन आउने रकम बराबर भएको मानिनेछ ।

(१क.) नेपाल राष्ट्र बैङ्कले तोकेको मापदण्डको अधीनमा रही बैङ्किङ्ग ब्यवसाय सञ्चालन गर्ने व्यक्तिले जोखिम व्यहोर्ने कोषमा राखेको असूल हुन बाँकी ऋण रकमको बढीमा पाँच प्रतिशतसम्मको रकमलाई खर्चको रूपमा कट्टी गरिनेछ । यसरी जोखिम व्यहोर्ने कोष कायम रहेको अवस्थामा नउठ्ने आसामी भनी मुनाफाबाट खर्च लेखिएमा मिन्हा हुने छैन र सो कोषमा रहेको रकम पूँजिकृत गरिएमा वा मुनाफा वा लाभांश बाँडफाँड गरिएमा जुन वर्ष बाँडफाँड गरिएकोछ सोही वर्षको आयमा समावेश गरिनेछ ।”
(२) कुनै व्यक्तिलाई कुनै आय वर्षमा बैंकिङ्ग व्यवसायबाट नोक्सान भएमा सो व्यक्तिले त्यस्तो नोक्सानी सो व्यवसायको विगतका पाँच आय वर्षहरुको आयबाट तोकिए बमोजिम छटाउन पाउनेछ ।

“तर उपदफा (१क.) बमोजिमको रकमलाई खर्चको रुपमा कट्टी गरेको भए त्यस्तो नोक्सानी घटाउन पाइने छैन ।”  

(३) उपदफा (२) बमोजिम नोक्सानी घटाउँदा देहाय बमोजिम भएको हुनु पर्नेछ ः–
(क) विगत आय वर्षमा सो व्यवसायबाट प्राप्त कुनै आयभन्दा बढी हुन नहुने,
(ख) कुल योग नोक्सानीको रकमभन्दा बढी हुन नहुने,
(ग) दफा २० को प्रयोजनको लागि कट्टा गर्न नपाएको नोक्सानीको रकम घट्ने ।
स्पष्टीकरण ः यस दफाको प्रयोजनको लागि “बैंकिङ्ग व्यवसाय” भन्नाले प्रचलित कानून बमोजिम बैंकिङ्ग कारेबार गर्न स्वीकृति प्राप्त बैंङ्क तथा वित्तीय संस्थाहरुले सञ्चालन गरेको बैंकिङ्ग कारोबार सम्झनु पर्छ ।

2) While computing the income of any person carrying on the insurance business in any income year, it shall be done as follows:-

a) In income, in addition to any other amounts required to be included, the following amounts, as well, have to be included:-

(1) Amounts for premium of insurance including premium for reinsurance received by that person from that business in that year, and

(2) Amounts received in that year from payments referred to in sub-clause (1) of clause (b) for any contract of reinsurance, security, guarantee or compensation.

b) b In expenses, in addition to the amounts that can be deducted, the following amounts, as well, may be deducted:-

(1) The payments made by that person as an insurer in operating that business in that year, and

(2) The premiums included pursuant to subclause (1) of clause (a) in computing the income earned from that business in that year or last year and returned to the insured in that year.

3) If any person suffers loss from the registered general insurance business in any income year, that person may subtract such loss, as prescribed, from the incomes of that business earned in last five income years.

4) In subtracting the loss pursuant to Sub-section (3), the following provisions shall apply:-

a) It shall not exceed any income earned from that business in the past income year,

b) It shall not exceed the total sum of loss,

c) The amount of loss that could not be deducted for purposes of Section 20 shall be lessened.

Explanation: For purposes of this Section, "registered general insurance business" means an insurance business registered in Nepal pursuant to the law in force and carrying on general business transactions.

2) Notwithstanding anything contained in Sub-section (1), the following provisions shall apply in respect of the profits made from investment insurance:-

a) In cases where a resident person makes payment of such amount, tax shall be imposed on the insured through final tax deduction, and

b) In cases where a non-resident person makes payment of such amount, it shall be computed by including that amount in the income of the insured.

Explanation: For purposes of this Section, "profits made from investment insurance" means the excess sums of payment received by any person for investment insurance in respect of that insurance over the premiums paid by that person.

 “तर नागरिक लगानी कोष ऐन, २०४७ बमोजिम स्थापना भएको नागरिक लगानी कोषले अवकाश कोष राख्न चाहेमा त्यस्तो कोषले र कर्मचारी संचय कोष ऐन, २०१९ बमोजिम स्थापना भएको कर्मचारी संचय कोषले अवकाश कोष सञ्चालन गरेमा त्यस्तो कोषको लागि स्वीकृति लिनुपर्ने छैन ।”
(२) स्वीकृत अवकाश कोषको हिताधिकारी प्राकृतिक व्यक्तिले कुनै आय वर्षमा सो कोषमा गरेको अवकाश योगदान आफ्नो करयोग्य आयको गणना गर्दा घटाई पाउन दावी गर्न सक्नेछ । 

(३) उपदफा (२) मा जुनसुकै कुरा लेखिएको भए तापनि सो उपदफा बमोजिम कुनै आय वर्षमा कुनै व्यक्तिबाट घटाई पाउन दाबी गरिएको रकम तोकिएको अवकाश योगदानको सीमाभन्दा बढी हुने छैन ।

2) The income of a person having ownership of a foreign permanent establishment shall be separated from the income of that establishment, pursuant to Section 69.

3) Tax shall be imposed on the permanent establishment referred to in clause (b) of Section 3 in the income sent abroad by the foreign permanent establishment of a non-resident person situated in Nepal.

4) The income sent abroad in any income year by the foreign permanent establishment of a non-resident person situated in Nepal shall be equal to the amount of dividends distributed by that foreign permanent establishment in that year.

a) As per the rights of the beneficiaries to the income in distributing dividends, or

b) If the rights are not certain in a reasonable manner, as per the method which the Department thinks appropriate according to the circumstance.

2) Tax shall not be levied on the dividends distributed by an entity as a controlled foreign entity at the end of any income year except those distributed pursuant to Sub-section (1).

3) The following shall be deemed to have occurred in respect of the dividends distributed by a controlled foreign entity pursuant to Subsection (1) to the beneficiaries associated with that entity at the time of distribution of dividends:-

a) Having the characteristic equivalent to the type and source of the associate income of that entity, and

b) Having distributed proportionately out of each type and source the associate income of that entity.

4) Any tax paid by any controlled foreign entity including that deemed to be paid pursuant to Sub-section (5) or Sub-section (5) of Section 52 in respect of the amounts deemed to be distributed pursuant to Sub-section (3) has to be set aside for the beneficiary associated with that entity.

5) The tax set aside pursuant to Sub-section (4) at the time of allocation shall be deemed to have been paid by the beneficiary, and the beneficiary may get facility of tax adjustment for such tax, as provided for in Section 71.

6) The amount to be deemed as distributed to the beneficiary pursuant to Sub-section (1) at the time of distribution has to be included in the expenses for any property or liability of the recipient beneficiary in the entity making such distribution.

7) The dividends distributed to the beneficiary enjoying tax exemption pursuant to Sub-section (2) at the time of distribution has to be included in the income for any property or liability of the recipient beneficiary as an interest in the entity making such distribution.

8) For purposes of this Act, the foreign income tax paid or foreign income tax deemed as paid by any controlled foreign entity pursuant to Sub-section (5) or Sub-section (5) of Section 52 shall be deemed as tax amount paid by that entity or deemed to be paid by that entity pursuant to this Act.

Explanation: For purposes of this Section,-

(a) "Associated income" means, in computing taxable income of any controlled foreign entity in any income year, a taxable income computed as if that entity were a resident entity.

(b) "Controlled foreign entity" means any non-resident entity in which any resident person has interest directly or indirectly through one or more interposed non-resident entities in any income year; and where that person is associated with that entity or where any person deemed to be associated with and any other resident persons not exceeding four persons are associated with that entity, it includes such entity, as well.

a) Carriage of passengers departing from Nepal, or

b) Carriage of the mail, animals or goods dispatched from Nepal.

2) The taxable income of any non-resident person who carries on a business of cable, radio, optical fiber or satellite communication in any income year shall consist of the amounts derived from the dispatch of news or information through any device established in Nepal, whether originated in Nepal or not.

3) Tax shall be levied on the amounts to be included in the taxable income of any non-resident person pursuant to Sub-section (1) or (2), at the rate specified in Sub-section (7) of Section 2 of Schedule-1.

Provided that, -

a) Those amounts need not to be computed in computing the tax payable in respect of any due taxable income of that person,

b) The expenses related with computation of those amounts shall not be allowed to be deducted in computing that due taxable income, and

c) That person shall not be entitled to any facility of tax adjustment from the amount of tax payable by that person.

Explanation: For purposes of this Section, "nonresident person" means a resident entity within the group of associated entities with head offices outside Nepal.

2) Government of Nepal may, by a notification in the Nepal Gazette, establish Inland Revenue Offices under the Department and prescribe their working areas, in order to render assistance to the Department in fulfilling the responsibility of the Department mentioned in Sub-section (1). The offices of which working areas have been so specified shall be deemed as organs of the Department.

3) The Department may have the officers and other employees as follows:-

a) Director General,

b) Deputy Director General, Chief Tax Administrator, Director, Chief Tax Officer, Tax Officer and other officer in the required number, and

c) Other employees.

4) The Director General may carry out the following functions, subject to the direction given by Government of Nepal:-

a) To exercise any of the powers conferred on the Department pursuant to this Act,

b) To so delegate the powers referred to in clause (a) as to be exercisable by any other officer subject to Sub-section (5) and (6),

c) To so specify that all or any of the powers referred to in clause (a), except the power to issue public circular pursuant to Section 75, to specify the document referred to in Section 77, to hold pending any reviewable decision or otherwise affect it pursuant to Sub-section (5) of Section 115, to accept or reject, fully or partly, the matters contained in an application made by any person pursuant to Sub-section (7) of Section 115, to make addition by adding offence pursuant to Section 129 or to grant authority to any officer pursuant to Section 82, to be exercisable by any officer employee of the civil Service.

5) Deputy Director General, Chief Tax Administrator, Director, Chief Tax Officer and Tax Officer who acts as the Chief of Office may carry out the following functions, subject to the direction given by Government of Nepal or the Director General:-

a) To exercise the powers conferred on the Department pursuant to this Act, other than the power to issue public circular pursuant to Section 75, to specify the document referred to in Section 77, to hold pending any reviewable decision or otherwise affect it pursuant to Sub-section (5) of Section 115, to accept or reject, fully or partly, the matters contained in an application made by any person pursuant to Sub-section (7) of Section 115, to make addition by adding offence pursuant to Section 129, and

b) To so delegate such powers as to be exercisable by any other officer of the Department subject to Subsection (6).

6) Any other officer of the department except the Director General, Deputy Director General, Chief Tax Administrator, Director, Chief Tax Officer or Tax Officer who acts as the Chief of Office may carry out the following functions:-

a) To exercise any powers delegated to that officer out of the powers conferred on the department, except the following powers:

(1) To issue public circular pursuant to Section 75, to specify the document referred to in Section 77, to hold pending any reviewable decision or otherwise affect it pursuant to Sub-section (5) of Section 115, to accept or reject, fully or partly, the matters contained in an application made by any person pursuant to Sub-section (7) of Section 115, to make addition by adding offence pursuant to Section 129, or

(2) To grant authorization to any officer pursuant to Section 82 or issue a notice pursuant to Section 109.

b) He/she shall not be entitled to re-delegate any power delegated to him/her.

2) This Sub-section shall be applicable in cases where, pursuant to any international agreement concluded with Nepal, the competent authority of the other country requests the Department to collect in Nepal the amount payable by any person who is in arrears of that amount, pursuant to the taxation law of that other country.

3) In cases where Sub-section (2) is applicable, the Department may, for the purpose of sending that amount to that competent authority, send a notice in writing to the person who is in arrears of tax and require him to pay such amount to the Department within the date mentioned in that notice.

4) This Sub-section shall be applicable in cases where any international agreement contains a provision under which Nepal has to exempt income or payment or has to apply the reduced tax rate to income or payment.

5) In cases where Sub-section (4) is applicable, any of the following entity shall not be entitled to enjoy tax exemption or tax deduction facility:-

a) An entity who is considered as a resident of the other party of the agreement for purposes of the agreement, and

b) Where Fifty percent or more portion of the vested ownership of that entity is owned by natural persons or by the entities in which any natural person has no interest and, for purposes of the agreement, the persons or entities are residents of both Nepal and of the other country party to the agreement.

Explanation: For purposes of this Section, "international agreement' means any treaty or agreement containing the following provisions, concluded with any foreign government and applicable to Nepal:

(a) To avoid double taxation and prevent fiscal evasion, or

(b) To render reciprocal administrative assistance in the implementation of tax liability.

2) The Department shall make available the circular issued pursuant to Sub-section (1) in the Department or in any other places as per necessity or through any other means.

3) The Department shall be compelled to take action according to the circular issued pursuant to Sub-section (1) unless and until such circular is revoked.

2) Notwithstanding anything contained in Sub-section (1), the Department shall not be entitled to issue an advance ruling referred to in Sub-section (1) on any matter of confusion occurred in the implementation of this Act in cases where such matter is sub judice in the court or has already been decided by the court.

3) In cases where any person acts as follows prior to the issuance of an advance ruling pursuant to Sub-section (1), the Department shall be compelled to implement this Act as per that ruling until the ruling issued to that person remains valid:-

a) If the full and actual statements of the matter related to that ruling are presented to the Department, and

b) f the arrangement corresponds to the point mentioned in the application made by that person for the ruling.

4) In cases where the public circular issued pursuant to Section 75 and the advance ruling issued pursuant to Sub-section (1) are mutually contradictory, priority shall be given to the matters mentioned in the advance ruling in the case of the person to whom such ruling has been issued.

5) Prior to the issuance of the advance ruling pursuant to Subsection (1), the Department may give an opportunity to the applicant to furnish further statements, if any, in person or through his representative.

2) The Department shall make available the formats referred to in Sub-section (1) in the Department and in any other places specified by the Department and through any other means.

2) The Department may order any person to mention his/her permanent account number in any income return, statement, version or other document to be used for purposes of this Act.

3) Government of Nepal may specify the circumstances where any person has to show or mention his/her permanent account number.

a) Where it is sent to the fax number or email address of that person,

b) Where it is delivered by hand to whom it has to be delivered or to the manager of an entity, in the case of the entity, or

c) Where it is sent by a registered post to his resident, office, business or other address to the extent known.

2) Any document so signed, encrypted or encoded through computer technology or written in it as indicating the name and designation of the competent authority of the Department and issued, served or given pursuant to this Act shall be deemed to have met requirements.

a) Where it is consistent with this Act substantially, and

b) Where the person who is addressed in a document is normally indicated in the document.

2) In cases where any documents issued by the Department pursuant to this Act contains any error and the error does not give rise to any dispute as to the interpretation of this Act or the fact of any specific person, the Department may make amendment in the document for purposes of rectifying such error.

a) To have full or unhindered access to any premises, places, documents or properties situated in Nepal, subject to the laws in force,

b) To obtain any portion of or duplicate copy of the document including an electronic copy of the documents to which there is an access pursuant to clause (a),

c) In cases where the concerned officer thinks that the document to which there is an access pursuant to clause (a) is an evidence that could be necessary to assess tax liability of any person pursuant to this Act, to take such document in his custody, and

d) In cases where any person having access to any document who is requested to provide a duplicate copy of such document does not provide it, and the officer thinks that such document is kept in any property in any form, to take such property in own custody in order to have access to such document.

2) No officer shall be entitled to exercise the powers referred to in Sub-section (1) without having authority in writing from the Department. In cases where, in entering to any premises or places in exercise by any officer of the powers referred to in Sub-section (1), the possessor of such premises or places or the person having access to any concerned document or property requests to show the authority of the Department, such officer has to show such authority to them.

3) In cases where any officer of the Department who enters to any premises or places in exercise of the powers referred to in Subsection (1) so requests, the possessor of such premises or places or the person having access to any concerned document or property has to provide all proper facilities and assistance for the effective use of the powers.

4) The Department may hold in its custody the document or property taken in its custody pursuant to clause (c) or (d) of Sub-section (1) until the following time:

a) In the case of any document taken in custody pursuant to clause (c) of Sub-section (1) until the time the document is required to assess tax liability of any person or for any other action pursuant to this Act, and

b) In the case of any property taken in custody pursuant to clause (d) of Sub-section (1), until the time when access to the document in question is gained and it is taken in custody.

5) The person whose document is taken in custody pursuant to Sub-section (4) may inspect such document and may obtain a copy of or copy down a portion of such document at his/her own cost within office hours and under supervision as prescribed by the Department.

6) Notwithstanding any provision made on privilege or public interest in respect of having access to the documents required for the implementation of this Act, the provisions contained in this Section shall apply in that respect.

Explanation: For purposes of this Section, "possessor" means, in respect of any premise or place, a person having ownership of, manager of the premise or place or any other person remaining there.

a) To submit any information specified in the notice within the time specified in the notice, also by preparing any document,

b) To be present at the Department in the place and time specified in the notice before the officer of the Department for inspection on the tax related matters of that person or any other person,

c) To submit, for purposes of inspection, any document mentioned in the notice that is under his control at the time when that person is examined pursuant to clause (b).

2) Any person who is to be examined pursuant to clause (b) of Sub-section (1) shall have the right to have legal or other representation during such examination.

3) Notwithstanding any provision made on any privilege or on public interest in respect of having access to the documents required for the implementation of this Act, the provisions contained in this Section shall apply in that respect.

2) Notwithstanding anything contained in Sub-section (1), any officer of the Department may disclose, as follows, the document or information referred to in Sub-section (1) to the following persons:-

a) To the extent that it is necessary to carry out the duty of that officer pursuant to this Act,

b) In cases where is so ordered by any court or tribunal in respect of administrative review or action pursuant to this Act,

c) Before the Minister for Finance ,

d) In cases where it is necessary to disclose for purposes of any other financial law,

e) In cases where it is necessary for any person in the service of Government of Nepal for any acts relating to revenue or statistics, before such a person,

f) In cases where it is necessary in the course of carrying out the duty, before the Auditor General or any person authorized by the Auditor General, or

g) Before the competent authority of the government of any country with which Government of Nepal has concluded an international agreement, to the extent as provided for in such agreement in that respect.

3) Any person, court, tribunal, body or official who obtains any document or information pursuant to Sub-section (2) shall keep secret such document or information except to the minimum extent required.

2) Tax required to be paid under this Act has to be paid in the following time, subject to Sub-section (1):-

a) In the case of one who has to pay by withholding advance tax, in the time mentioned Sub-section (4) of Section 90,

b) In the case of one who has to pay tax in installments, in the time mentioned in Sub-section (1) of Section 94,

c) In the case of one who has to pay the assessed tax-

(1) On the date when the income return is to be submitted in respect of assessment of tax referred to in Section 99,

(2) Within the time limit as specified in the tax assessment notice delivered pursuant to Section 102 in respect of tax assessed pursuant to Sub-section (2) of Section 99,

(3) Within the time limit as specified in the tax assessment notice delivered pursuant to Section 102 in respect of amended tax assessment made pursuant to Sub-section (2) of Section 99,

d) In respect of the amounts required to be paid to the Department as per any notice issued pursuant to Sub-section (8) of Section 104, Sub-section (1) of Section 109, or Sub-section (1) of Section 110, on the date mentioned in the notice,

e) In respect of a liability fixed upon failure of any entity to pay tax pursuant to Sub-section (2) of Section 107, at the same time when the entity has to pay tax,

f) In respect of the amounts required pursuant to Subsection (3) or (4) of Section 108, within seven days of the date on which the amounts are adjusted by auction sale gradually or on which the amounts cannot be so adjusted, and

g) In respect of the fees and interest assessed pursuant to Section 122, on the date as mentioned in the assessment notice.

3) The date on which tax has to be paid shall not be affected in the following circumstances:-

a) An action taken by the Department pursuant to Chapter-20 to recover tax, or

b) Other action has commenced, pursuant to this Act.

(a) Any action taken by the Department pursuant to Chapter-20 to recover tax, or

(b) Any action on any offense pursuant to Chapter-23.

2) The liability of an employer required to withhold tax pursuant to Sub-section (1) shall not decrease or end by virtue of the followings:-

a) In cases where the employer has the right or duty to deduct or hold up or subtract any other amount from the said payment, or

b) In cases where the income earned by the employee or worker from employment cannot be subtracted pursuant to other laws in force.

(क) लाभांश भुक्तानी गर्दा भुक्तानी रकमको पाँच प्रतिशत,  (ख) लगानी बीमाको लाभ भुक्तानी गर्दा लाभ रकमको पाँच प्रतिशत, वा  (ग) स्वीकृति नलिएको अवकाश कोषबाट लाभ भुक्तानी गर्दा लाभ रकमको दश प्रतिशत । ”
(३) उपदफा (१) मा जुनसुकै कुरा लेखिएको भए तापनि बासिन्दा बैङ्क, वित्तीय संस्था वा ऋणपत्र जारी गर्ने अन्य कुनै निकाय वा प्रचलित कानून बमोजिम दर्ता भएका कम्पनीले कुनै प्राकृतिक व्यक्तिलाई निक्षेप, ऋणपत्र, डिवेन्चर तथा सरकारी वण्ड बापत देहाय बमोजिमको ब्याज वा ब्याज स्वरुपको कुनै रकम भुक्तानी दिँदा कुल भुक्तानी रकममा छ प्रतिशतका दरले कर कट्टी गर्नु पर्नेछ ः–
(क) नेपालमा स्रोत भएको र 
(ख) व्यवसाय सञ्चालनसंग सम्बन्धित नभएको ।
(४) उपदफा (१), (२) र (३) मा जुनसुकै कुरा लेखिएको भए तापनि देहायका भुक्तानी गर्दा यो दफा लागू हुने छैन ः–
(क) प्राकृतिक व्यक्तिले गरेको व्यवसाय सञ्चालनसंग सम्बन्धित भुक्तानी वा घर भाडामा लिए बापत तिरेको भाडा बाहेकका अन्य कुनै भुक्तानी, 
(ख) बासिन्दा बैङ्क वा अरु बासिन्दा वित्तीय संस्थालाई तिरेको ब्याज वा 
(ग) कर छूट पाएको भुक्तानी वा दफा ८७ बमोजिम कर कट्टी हुनु पर्ने भुक्तानी ।

2) The amount referred to in Sub-section (1) shall be fixed also by adding any other payments, if any, made by such person or his/her associated person under the same contract to the person or his/her associated person entitled to payment under that contract in the past Ten days.

3) Notwithstanding anything contained in Sub-section (1), tax shall be withheld as follows from payment made by any resident person to any non-resident person under any contraction or contract:-

a) Where the Department has given that resident person a notice in writing, at the rate specified in the notice, or

b) As referred to in Sub-section (1) in any other circumstances.

4) Notwithstanding anything contained in Sub-section (1), this Section shall not apply to the following payments:-

a) Payment made by natural persons excepts the payments made in the course of operation of any business, or

b) Payments enjoying tax exemption or payments liable to tax withholding pursuant to Section 87 or 88.

a) Having been certified in accordance with the manner, if any, as prescribed by the Department,

b) Setting out the amount of tax withheld pursuant to Sections 87, 88 or 89 and the paid amounts.

2) The tax withholding certificate setting out the period of tax withholding has to be provided within Fifteen days from the date of expiration of the month in which tax is withheld.

3) Notwithstanding anything contained in Sub-section (1), in cases where tax is withheld pursuant to Section 87, the tax withholding certificate has to be provided as follows:-

a) The certificate shall be valid only for the period when the employee continues to serve in that income year.

b) The certificate has to be provided within Thirty days from the expiration of that year or in cases where the employee leaves employment in the person withholding the tax in that year, it has to be provided within thirty days from the date of his leaving employment.

(क) बासिन्दा कम्पनीले भुक्तानी गरेको लाभांश,

(ख) व्यवसाय सञ्चालन गरिरहेको बाहेक अन्य प्राकृतिक व्यक्तिलाई नेपालमा स्रोत भएको जग्गा वा घर र सोसंग गासिएका जडानहरु र उपकरणहरु बापत भुक्तानी गरेको भाडा ,

(ग) बासिन्दा व्यक्तिले लगानी बिमा बापत भुक्तानी गरेको लाभ,

(घ) बासिन्दा व्यक्तिले तिरेको स्वीकृत नलिएको अवकाश कोषको हित बापत भुक्तानी गरेको लाभ,

(ङ) दफा ८८ को उपदफा (३) मा उल्लेख भए बमोजिम बैङ्क, वित्तीय संस्था वा ऋण पत्र जारी गर्ने अन्य कुनै निकाय वा प्रचलित कानून बमोजिम सूचीकृत भएका कम्पनीले भुक्तानी दिएको देहाय बमोजिमको ब्याज ः–

(१) नेपालमा स्रोत भएको र व्यवसाय सञ्चालनसंग सम्बन्धित नभएको प्राकृतिक व्यक्तिलाई भुक्तानी गरेको,

 (२) दफा २ को खण्ड (ध) बमोजिमको कर छूट पाउने संस्थालाई भुक्तानी गरेको,”

 (च) दफा ८७, ८८ वा ८९ बमोजिम गैर बासिन्दा व्यक्तिलाई दिइएको कर कट्टी हुनु पर्ने भुक्तानी ।

(छ) नेपाल सरकार वा स्वीकृत अवकाश कोषबाट भुक्तानी गरिएको अवकाश भुक्तानीहरू, र  

(ज) बैठक भत्ता, पटके रुपमा अध्यापन गराए बापतको भुक्तानी, प्रश्नपत्र तयार गरे वापतको भुक्तानी वा उत्तर पुस्तिका जाँच गरे वापतको भुक्तानी ।”  

(२) अग्रिम कर कट्टी गर्ने व्यक्तिले वा कर कट्टी हुने व्यक्तिले अन्तिम रुपमा कट्टी हुने भुक्तानीबाट दफा ८७, ८८ वा ८९ बमोजिम कर कट्टी गरेको वा दफा ९० को उपदफा (३) बमोजिम कट्टी गरिएको भनी मानिएको कर रकम विभागलाई दाखिला गरेमा दफा ३ को खण्ड (ग) मा उल्लेख भए बमोजिमको व्यक्तिले कर दायित्व पूरा गरेको मानिनेछ । चैत्र महिनाको अन्त्यमा तिरिसकेको करभन्दा बढी हुन आउने अनुमानित करको ७०% आषाढ महिनाको अन्त्यमा तिरिसकेको करभन्दा बढी हुन आउने अनुमानित करको १०० %

स्पष्टीकरण ः यस उपदफाको प्रयोजनको लागि,–

(क) अनुमानित कर भन्नाले किस्ताबन्दीमा कर दाखिला गर्नु पर्ने कुनै व्यक्तिले कुनै वर्षको किस्ताबन्दी कर दाखिला गर्नु पर्ने समयमा दफा ९५ बमोजिम गणना गरेको किस्ताबन्दीको अनुमानित कर सम्झनु पर्छ ।

(ख) तिरिसकेको कर भन्नाले देहायको कुल जम्मा सम्झनु पर्छ ।

(१) सम्बन्धित किस्ता दाखिला गर्नु पर्ने मिति अगाडि यस दफा बमोजिम पूर्व किस्ताद्धारा सो आय वर्षमा दाखिला गरेको कर रकम,

(२) सो आय वर्षमा सम्बन्धित किस्ता दाखिला गर्नु पर्ने मिति अगाडि कुनै व्यक्तिको परिच्छेद–१७ बमोजिम सो वर्षँमा सो व्यक्तिको आय गणना गर्दा समावेश हुने भुक्तानीहरुबाट कट्टी भएको कर रकम,

(३) किस्ता बुझाउनु पर्ने मितिभन्दा अगाडि सो वर्षमा कर कट्टी गर्ने एजेण्ट वा कर कट्टी हुने व्यक्तिले उपखण्ड (२) मा उल्लिखित भुक्तानीबाट दफा ९० को उपदफा (३) बमोजिम कर कट्टी भएको मानिने रकम विभागमा दाखिला गरेको भए त्यस्तो कर रकम, र

 (४) किस्ता बुझाउनु पर्ने मितिभन्दा अगाडि सो व्यक्तिले गरेको स्वीकृत औषधि उपचार खर्चको सम्बन्धमा सो व्यक्तिले दफा ५१ बमोजिम दाबी गर्न सक्ने औषधी उपचार खर्चको कर मिलान रकम ।

(२) उपदफा(१) मा जुनसुकै कुरा लेखिएको भए तापनि सो उपदफा बमोजिम बुझाउनु पर्ने किस्ताको रकम दुई हजार रुपैयाँभन्दा कम भएमा त्यस्तो किस्ताको रकम बुझाउनु पर्ने छैन । (३)   किस्ता दाखिला गर्ने व्यक्तिले यस दफा बमोजिम कुनै आय वर्षमा किस्ताबन्दीका  माध्यमबाट दाखिला गरेको कर रकम सो वर्षमा लाग्ने कर बापत कट्टी गर्न पाउनेछ । 

2) In cases where any tax is withheld from any payment except the payment from which tax is withheld finally, the person subject to tax withholding shall be deemed to have paid the amount of tax as follows:-

a) The amount of tax withheld from payment pursuant to Sections 87, 88 or 89,

b) In cases where the person withholding tax or the person subject to tax withholding pays to the Department the amount of tax referred to in Subsection (3) of Section 90 or the amount of tax deemed to have been withheld from payment, such amount.

3) The person subject to tax withholding may make a claim for adjustment of the amount referred to in Sub-section (2) only to the amount of tax payable in the income year in which that payment is made.

Date on which payment has to be made                                               Amount to be paid

By the end of Poush                                                               40% of the estimated tax which 

          (mid January)                                                                exceeds the already paid tax

By the end of Chaitra                                                               70% of the estimated tax which

(mid April)                                                                                  exceeds the already paid tax

By the end of Ashad                                                            100% of the estimated tax  which

    (mid July)                                                                            exceeds the already paid tax

दाखिला गर्नु पर्ने मिति                            दाखिला गर्नु पर्ने रकम  

पौष महिनाको अन्त्यसम्म     अनुमानित करको ४०% रकममध्ये तिर्न बाँकी कर रकम  चैत्र महिनाको अन्त्यसम्म     अनुमानित करको ७०% रकममध्ये तिर्न बाँकी कर रकम आषाढ महिनाको अन्त्यसम्म   अनुमानित करको १००% रकममध्ये तिर्न बाँकी कर रकम   स्पष्टीकरण ः यस उपदफाको प्रयोजनको लागि,–  

(क) “अनुमानित कर” भन्नाले किस्ताबन्दीमा कर दाखिला गर्नु पर्ने कुनै व्यक्तिले कुनै वर्षको किस्ताबन्दी कर दाखिला गर्नु पर्ने समयमा दफा ९५ बमोजिम गणना गरेको किस्ताबन्दीको अनुमानित कर सम्झनु पर्छ ।

 (ख) “तिर्न बाँकी कर रकम” भन्नाले अनुमानित करको यस उपदफामा किस्तामा दाखिला गर्न तोकिएको प्रतिशतले हुने रकमबाट देहायको कुल जम्मा रकम घटाउँदा नपुग हुने रकम सम्झनु पर्छ ः–

(१) सम्बन्धित किस्ता दाखिला गर्नु पर्ने मिति अगाडि यस दफा बमोजिम पूर्व किस्ताद्वारा सो आय वर्षमा दाखिला गरेको कर रकम,  

(२) सो आय वर्षमा सम्बन्धित किस्ता दाखिला गर्नु पर्ने मिति अगाडि कुनै व्यक्तिको परिच्छेद–१७ बमोजिम सो वर्षमा सो व्यक्तिको आय गणना गर्दा समावेश हुने भुक्तानीहरूबाट कट्टी भएको कर रकम,  

(३) किस्ता बुझाउनु पर्ने मितिभन्दा अगाडि सो वर्षमा कर कट्टी गर्ने एजेण्ट वा कर कट्टी हुने व्यक्तिले उपखण्ड (२) मा उल्लिखित भुक्तानीबाट दफा ९० को उपदफा (३) बमोजिम कर कट्टी भएको मानिने रकम विभागमा दाखिला गरेको भए त्यस्तो कर रकम, र  

(४) किस्ता बुझाउनु पर्ने मितिभन्दा अगाडि सो व्यक्तिले गरेको स्वीकृत औषधि उपचार खर्चको सम्बन्धमा सो व्यक्तिले दफा ५१ बमोजिम दाबी गर्न सक्ने औषधि उपचार खर्चको कर मिलान रकम ।”

 (२) उपदफा(१) मा जुनसुकै कुरा लेखिएको भए तापनि सो उपदफा बमोजिम बुझाउनु पर्ने किस्ताको रकम दुई हजार रुपैयाँभन्दा कम भएमा त्यस्तो समग्र किस्ताको जम्मा रकम बुझाउनु पर्ने छैन । (३) किस्ता दाखिला गर्ने व्यक्तिले यस दफा बमोजिम कुनै आय वर्षमा किस्ताबन्दीका माध्यमबाट दाखिला गरेको कर रकम सो वर्षमा लाग्ने कर बापत कट्टी गर्न पाउनेछ ।

(घ) अनुसूची–१ को दफा १ को उपदफा (१०) बमोजिम कर दाखिला गर्ने सवारीसाधन धनी प्राकृतिक व्यक्ति भएमा त्यस्तो प्राकृतिक व्यक्ति ।

2) The department may extend, at one time or several times, the time limit for a period not exceeding three months to submit the income return pursuant to Sub-section (1).

a) The amount of tax mentioned in the income return and payable by the person mentioned in Clauses (a) and (b) of Section 3 in that income year, and

b) The amount of tax mentioned in the income rerun and due and payable in that year.

2) In cases where any person does not submit the income return of any income year, tax shall be deemed to have been assessed as follows on the due date for submission of the tax return until the tax return is submitted:-

a) The amount of tax payable by that person in that year shall be equal to the sum of the amount of tax deducted from the amount received pursuant to Chapter-17 and the amount paid in installment for that year pursuant to Chapter-18, and

b) Tax shall not be deemed due and payable as per tax assessment.

2) Notwithstanding anything contained in Sub-section (1), in the circumstances mentioned in Sub-section (5) of Section 96, the Department may, based on the following amounts, assess the tax of that person in a justifiable manner:-

a) The amounts mentioned in sub-clauses (1), (2), (3) and (4) of clause (a) of Sub-section (2) of Section 96, for any income year or any part of that year,

b) The amounts due and payable under sub-clause (5) of clause (a) of Sub-section (2) of Section 96, for any income year or any part of that year.

3) The following provision shall be applicable in cases where tax is assessed pursuant to Sub-section (1) or (2 ):-

a) A person whose tax is assessed for the whole income year is not required to submit the income return referred to in Sub-section (1) of Section 96 for that income year, or

b) A person whose tax is assessed for a portion of any income year is required to submit the income return referred to in Sub-section (1) of Section 96 for that income year.

4) The amount of tax paid as per the assessment of tax for a portion of any income year may be adjusted to the tax chargeable as per the assessment of tax for the whole year.

5) In assessing the tax pursuant to this Section, the Department has to give a time limit of Seven days for the submission of proof and evidence for defense.

      (a) The assessed tax to be paid and due and payable by the person mentioned in clauses (a) and (b) of Section 3 for the income year or period related with assessment of tax,

      (b) The method of computation of tax in the tax assessment as mentioned

           in clause (a),

     (c) The reasons why the Department has to assess the tax,

     (d) The time for payment of the assessed tax due and payable, and

     (e) The time, place and mode for making a petition in cases where one is not satisfied with the assessment of tax.

2) The following provisions shall apply in respect of the tax withheld by a person who has to withhold tax pursuant to Chapter-17:-

a) The tax withheld by such a person as well as the property, if any, received for such tax shall be deemed to have been withheld for Government of Nepal,

b) The amount of tax so withheld cannot be attached to the loan or liability of such a person, and

c) In cases where the person withholding such tax becomes bankrupt or is dissolved, the amount of tax so withheld shall not be treated as a part of the assets so become bankrupt or dissolved; and in making division upon such dissolution or bankruptcy, the Department shall have the first lien over the tax withheld or over the property.

2) In claiming the property over which the lien is created pursuant to Sub-section (1), the Department has to give that person a written notice setting out the following matters:-

a) Description of the property claimed,

b) Limit of the claim referred to in Sub-section (3),

c) Tax related to the claim, and

d) Other matters, if any.

3) In making claim over the property pursuant to Sub-section (2), the claim shall be created only to the extent of the tax due and payable by such a person, interest and claim to be paid in respect of such tax pursuant to Section 119 and the expenses incurred in auction sale.

4) The claim made pursuant to Sub-section (2) shall not lie unless and until the following matter takes place:-

a) Until the Department gives information to have the claim registered pursuant to Sub-section (6) in respect of the building and land,

b) Until the Department possesses such property pursuant to Sub-section (3) of Section 105 in respect of other direct/tangible property, and

c) Until the notice referred to in Sub-section (2) is given to the person who is in arrear of tax, in any other circumstances whatsoever.

5) In cases where the person who is in arrear of tax pays to the Department all the amounts referred to in Sub-section (3) and covered by the claim made pursuant to Sub-section (2), which are due and payable by such a person.

6) In cases where the Department makes a claim over any land or building pursuant to Sub-section (2), information has to be given to the concerned Land Revenue Office; and that Office has to so withhold such land or property that it cannot be sold and disposed of to or ownership to it cannot be transferred to any person.

7) In cases where the claim over the land and building has to be released pursuant to Sub-section (5), the Department has to give information thereof to the Land Revenue Office. Upon receipt of such information, the Land Revenue Office has to release the land and building so withheld.

8) The Department has to promptly give the person in arrear of tax a notice setting out the following matters, in respect of the expenses to be incurred pursuant to Sub-section (3):

a) The expenses incurred by the Department for the claim on the property of the person in arrear of tax and for the auction sale thereof, prior to giving such a notice, and

b) The date on which the person in arrear of tax has to pay such expenses to the Department.

Explanation: For purposes of this Section, "expenses incurred for claim and auction sale" means the following expenses incurred or to be incurred by the Department:

(a) The expenses incurred or to be incurred by the Department in creating or releasing the claim over the property, or

(b) The expenses incurred or to be incurred by the Department pursuant to Section 105 in possessing, holding and auctioning the claimed property.

2) The notice given pursuant to Sub-section (1) may be included in the notice given pursuant to Sub-section (2) of Section 104 or attached with such a notice. Such a notice has to clearly set out the following matters and be given to the person in arrear of tax:-

a) The property claimed and the mode and time of auction or sale of the property, and

b) In respect of a tangible property, mode and place of possessing the property by the Department.

3) After the Department has given the notice referred to in Subsection (1) or (2) to the person in arrear of tax, it may do as follows:-

a) To have possession of the tangible property mentioned in the notice at any time,

b) To enter into any premises mentioned in the notice referred to in Sub-section (1) for the purpose of having possession of the tangible property at any time,

c) In respect of the tangible property except the land or building, to keep such properties in such place as thought proper by the Department at the expense of the person in arrear of tax.

4) In cases where the Department has given the notice referred to in Sub-section (1) to the person in arrear of tax, it may, in the following time, publicly auction such claimed property or sell and dispose of or use such property in such manner as thought proper:

a) If the claimed property is the land or building, after thirty days of the date of possession of such property pursuant to Sub-section (3),

b) If the claimed property is a perishable tangible property, after one day of the date of possession pursuant to Sub-section (3),

c) If the claimed property is a tangible property except those properties mentioned in clause (a) or (b), after ten days of possession pursuant to Sub-section (3), and

d) If the claimed property is any other kind of property, after ten days of possession of such property pursuant to Sub-section (3).

5) The expenses incurred in having claim and auctioning the property auctioned shall first be deducted from the proceeds derived from the auction sale pursuant to Sub-section (4). After the expenses are so deducted, the payable tax and the interest payable on the tax pursuant to Section 119 shall be deducted; and then, if any amount remains balance, such amount shall be refunded to the person in arrear of tax.

6) After the proceeds derived from the auction sale have been adjusted pursuant to Sub-section (5), the Department has to give a written notice setting out the process of the adjustment to the person in arrear of tax.

7) In cases where, in adjusting the proceeds derived from the auction sale by following the process referred to in Sub-section (5), the proceeds are not sufficient to fully pay the amounts for the expenses mentioned in that Sub-section, tax and interest, the Department has to re-institute the action to recover the shortfall amount pursuant to Section 104, 111 or this Section.

Explanation: For purposes of this Section,

     (a) "Claimed property" means the property of the person withholding tax, who is in arrears of tax, mentioned in Sub-section (2) of Section 103 or Sub-section (2) of Section 104.

     (b) "Expenses incurred in making claim and auction sale" means the expenses incurred in making claim and auction sale pursuant to Section 104.

     (c) "Person in arrear of tax" includes the person withholding tax mentioned in Sections 103 and 104.

2) In cases where any entity does not pay tax on the date due for payment of tax, all officers who are incumbent in that entity for the time being or incumbent until before six months shall be jointly and severally liable to pay that tax.

3) Notwithstanding anything contained in Sub-sections (1) and (2), these Sub-sections shall not be applicable in the following circumstances:-

a) Where the entity has committed such offense without knowledge and consent of such person, and

b) Where that person has, in order to avoid such offense, observed or exercised care, effort and skill which a reasonable man would observe or exercise in similar circumstances.

4) In cases where any person pays the tax required to be paid pursuant to Sub-section (2), that person may do as follows:-

a) To recover the amount which he has so paid from that entity,

b) For purposes of clause (a), to so hold under own control the property including the moneys of that entity which is under his possession or which may come under his possession that it is not in excess of the amount so paid.

5) In cases where any person holds any property under his control pursuant to clause (b) of Sub-section (4), the entity or any other person shall not be entitled to make any claim against such person.

Explanation: For purposes of this Section, "officer of any entity" means the manager of that entity or any person who acts in that capacity.

2) The Department has to give a written notice to the person in arrear of tax on the amount to be paid.

3) On receipt of the notice referred to in Sub-section (1), the recipient has to do as follows:-

a) To set aside the amount notified by the Department under Sub-section (2) after making payment of the loan, if any, which is preferential to the tax payable pursuant to Sub-section (2), subject to clause (c) of Sub-section (2) of Section 103, from the proceeds of the sale of the required portion of the property which have come under possession of the recipient, and

b) To pay to the Department the amount so set aside for his tax liability on behalf of the person in arrear of tax.

4) It shall be the personal liability of the recipient to pay to the Department the amount equal to the tax liability payable by such person in arrear of tax to the extent that no amount has been set aside by the recipient pursuant to Sub-section (3).

5) Provided that, the recipient may recover from the person in arrear of tax the amount of tax paid.

Explanation: For purposes of this Section,-

     (a) "Recipient" means any of the following persons:

          (1) A liquidator,

          (2) A person appointed from outside or by a court as a recipient in respect of any property or entity,

           (3) A person possessing a property by mortgage,

           (4) Heir apparent, administrator or manager of the property belonging to a deceased natural person, or

           (5) A person looking after the affairs of an incapacitated natural person.

      (b) "Person in arrear of tax" means the person whose property has come under possession of the recipient.

a) The person who has to pay amount to the person in arrear of tax,

b) The person who holds money for or on behalf of the person in arrear of tax,

c) The person who holds money on behalf of any third person in a manner to pay it to the person in arrear of tax, or

d) The person who has got authority from the third party to pay the amount to the person in arrear of tax.

2) The Department has to give a copy of the notice given to the payer pursuant to Sub-section (1) to the person in arrear of tax

3) Notwithstanding anything contained in Sub-section (1), the date mentioned in the notice referred to in that Sub-section shall not be earlier than the date mentioned in clauses (a) and (b):-

a) The date on which the amount has to be paid to the person in arrear of tax or the date on which such amount has been held on his behalf, and

b) The date on which the notice has been given pursuant to Sub-section (2).

4) The amount paid by the payer pursuant to Sub-section (1) shall be deemed as paid to the person in arrear of tax. The person in arrear of tax or any other person shall not be allowed to claim such amount against the payer.

2) In cases where any person pays the amount of tax as per the order referred to in Sub-section (1), he may do as follows:-

a) To recover the amount of such payment from the person in arrear of tax,

b) For purposes of clause (a), to take under his control any property whatsoever, including the money belonging to the person in arrear of tax, which is or would come in his possession, in such a manner that it is not in excess of the amount so paid.

3) In cases where any person takes possession of any property pursuant to clause (b) of Sub-section (2), the person in arrear of tax or any other person shall not be allowed to make any claim against such a person.

2) Notwithstanding anything contained in Sub-section (1), Government of Nepal may remit, in full or in part, the fee or interest imposed pursuant to Chapter-22.

2) In cases where the tax in question is not to be paid along with the interest paid by any person pursuant to Section 119, the Department has to refund such interest to that person.

3) Any person has to make an application to the Department, as prescribed, for the refund of the amount pursuant to Sub-section (1).

4) The person who makes an application pursuant to Sub-section (3) has to make such application within two years from the latest date out of the following dates. In cases where an application is not made within that time-limit, the amount referred to in Sub-section (1) shall not be refunded:-

a) The date of expiration of the income year existed by virtue of payment of the excess amount,

b) The date on which the excess amount is paid, or

c) The date on which is the case is decided.

5) The Department has to give a notice in writing of the decision made by it on the application made pursuant to Sub-section (3).

6) In refunding any amount of tax by the Department to any person by virtue of the order of a court or any other reason, the Department has to pay to such a person the interest as per the normal rate for the following period:-

a) In cases where such tax refund is related to the excess tax adjustment available to any person in any income year pursuant to Sections 93, 94 or 100, the period between the due date for submission of the tax return pursuant to Section 96 and the date of tax refund, and

b) In any other cases, the period between the date of payment by such person of the refundable tax and the date of tax refund.

7) Tax deduction that can be claimed pursuant to Section 51 or 71 shall not be adjusted in any year, and such tax deduction shall not be adjusted in amounts or refunded pursuant to this Sub-section.

Provided that, in that year the tax deduction adjustment may be made in accordance with the provisions contained in Sub-section (2) of Section 4, Sub-section (4) of Section 51 and Sub-section (3) of Section 71.

a) Advance ruling issued by the Department pursuant to Section 76,

b) Estimate made by the Department on, or decision made by it to estimate, the estimated tax payable by any person, pursuant to Sub-section (7) of Section 95,

c) Decision made by the Department to order any person to submit the income return pursuant to Subsection (5) of Section 96 or Section 97,

d) Decision made by the Department on any application made by any person for the extension of the time-limit for submission of the income return pursuant to Section 98,

e) Assessment of tax payable by any person for any income year pursuant to Section 100 or 101 or assessment of the fees and interest payable by any person pursuant to Section 122,

f) Notice given by the Department requiring to set aside the amounts as receivable by any person as a recipient, pursuant to Sub-section (2) of Section 108,

g) Decision made by the Department to order any person who holds moneys payable to the person in arrear of tax to pay the same to the Department pursuant to Sub-section (1) of Section 109,

h) Decision made by the Department to order any person to pay tax of any person due and payable on behalf of a non-resident person pursuant to Subsection (1) of Section 110,

i) Decision made by the Department on any application made by any person for the refund of tax pursuant to Sub-section (5) of Section 113, and

j) Decision made by the Department on any application made by any person for the extension of the time-limit for filing a complaint pursuant to Sub-section (3) of Section 115.

2) Notwithstanding that the Department makes any decision on the matters mentioned in clauses (d), (i) and (j) of Sub-section (1), in cases where the Department does not give a notice of the decision to the applicant within thirty days after the making of the application pursuant to Section 98, Sub-section (3) of Section 113 or Sub-section (3) of Section 115, the decision may be subject to administrative review as if it were a decision to reject the application.

3) In cases where the applicant does receive a notice of decision within the time-limit referred to in Sub-section (2) and registers information thereof with the Department, the decision made by the Department to reject the application mentioned in that Sub-section and notice thereof shall be deemed to have been served on that person on that date.

2) The application as referred to in Sub-section (1) has to clearly set out the reasons and grounds for such review.

3) In cases where the time limit for making application pursuant to Sub-section (1) expires and any person makes an application for the extension of time limit within Seven days from the date of expiration of the time limit, the Department may do as follows:-

a) To extend the time limit for a period not exceeding Thirty days from the date of expiration of the time limit for making application pursuant to Subsection (1), where there are reasonable reasons, and

b) To give the applicant a written notice of the decision made by the Department on the application.

4) The implementation of the decision mentioned in Sub-section (1) of Section 114 shall not be deemed to be affected from the making of application pursuant to Sub-section (1).

5) Notwithstanding anything contained in Sub-section (4), the Department may hold in pending or otherwise affect the decision made pursuant to Sub-section (1) of Section 114 pending the settlement of the application made by any person pursuant to Sub-section (1).

6) Notwithstanding anything contained in Sub-section (5), the provision contained in that Sub-section shall not apply until Fifty percent of the amount of tax payable is paid.

7) The Department may do as follows on the application made by any person pursuant to Sub-section (1):-

a) To accept or reject, fully or partly, the matters mentioned in the application, and

b) To give a written notice of the decision on the application.

8) In cases where the Department does not give the applicant a notice of the application within Ninety days from the date on which the application was made pursuant to Sub-section (1), the applicant may register information thereof with the Department and consider the application rejected by the Department.

9) The concerned applicant has to give written information to the Department that he has considered the application as rejected pursuant to Sub-section (8). The decision made by the Department to reject such application and notice thereof shall be deemed to have been served on that person on the date on which such information was registered.

2) The person who files an appeal pursuant to Sub-section (1) has to register a copy of the appeal with the Department within Fifteen days of the date of filing appeal.

3) The implementation of the decision mentioned in Sub-section (1) of Section 114 shall not be deemed to be affected from the filing of an appeal pursuant to Sub-section (1).

4) Notwithstanding anything contained in Sub-section (1) of Section 114, in cases where the Director General has made a decision subject to administrative review as mentioned in that Sub-section, an appeal may be filed to the Revenue Tribunal.

 कुनै ब्यक्तिले कुनै आय बर्षमा दफा ९४ बमोजिम दाखीला गर्नु पर्ने किस्ता रकम सम्बन्धमा खण्ड (क) मा उल्लिखित रकमभन्दा खण्ड (ख) मा उल्लिखित रकम बढी भएमा यसरी बढी भएको रकममा उपदफा (२) बमोजिम ब्याज लाग्नेछ ः–  

(क) सो व्यक्तिले कुनै आय वर्षमा तिरेको प्रत्येक किस्ताको रकम,

 (ख) सो आय वर्षमा प्रत्येक किस्ता अवधिको लागि किस्ताबन्दीको रुपमा बुझाउनु पर्ने कुल रकमको अनुमान वा संशोधित अनुमान सही भएको भए सो रकम र सो रकम सहि नभएको भए दफा ३ को खण्ड (क) र (ख) मा उल्लिखित व्यक्तिले दाखिला गर्नु पर्ने कर रकमको प्रत्येक किस्ता अवधिको लागि किस्ताबन्दीको रुपमा बुझाउनु पर्ने रकमको असी प्रतिशत रकम ।  

(२) उपदफा (१) बमोजिमको व्यक्तिलाई सो वर्षको सो किस्ता बुझाउनु पर्ने मितिदेखि सो बढी रकम नबुझाएसम्मको प्रत्येक महिना र महिनाको भागको सामान्य ब्याजदरले ब्याज लाग्नेछ ः– (३) उपदफा (२) मा जुनसुकै कुरा लेखिीएको भएतापनि सो उपदफा बमोजिमको व्यक्तिले त्यस्तो बढी कर दफा ९९ बमोजिम कर निर्धारण भई कर बुझाउनु पर्ने मितिसम्म पनि दाखिला नगरेमा सो व्यक्तिलाई सो वर्षको सो किस्ता बुझाउनुपर्ने मितिदेखि सोही दफा बमोजिम कर निर्धारण भई कर बुझाउनु पर्ने मिति सम्मको प्रत्येक महिना र महिनाको भागको सामान्य व्याजदरले व्याज लाग्नेछ ।”  

2) For purposes of computing the interest to be paid pursuant to Sub-section (1), interest shall not be exempted in the extended time-limit given pursuant to Section 98.

3) The person withholding tax shall not be allowed to recover the interest payable by him because of his failure to observe Sub-section (4) of Section 90 from the person subject to tax withholding.

     (a) In cases where it has become false or misleading not by knowingly or recklessly but by mistake, Fifty percent of the less amount resulted therefrom.

    (b) In cases where it has become false or misleading knowingly or recklessly, One Hundred percent of the less amount resulted therefrom.

Explanation: For purposes of this Section, "statement submitted to the Department" means any statement submitted in writing to the Department or to the officer authorized by the Department in the course of performing the duty pursuant to this Act and includes the statement submitted as follows:-

(a) Application, notice, description, complaint, deposition, or other document submitted, prepared, given or furnished pursuant to this Act,

(b) Document submitted to the Department or any officer of the department except under this Act,

(c) Reply to any question asked by the Department or any officer to any person, or

(d) Information given by any person who has reasonable knowledge of the matter to be informed to the Department or any officer through any other person.

2) In computing the liability for the fee and interest chargeable where any particular act has not been performed or chargeable in respect of any statement pursuant to this Chapter, it shall be computed separately in the case of each section of this Chapter.

3) The fee and interest chargeable pursuant to this Section shall be added to any other tax, if any, payable pursuant to this Act; and mere payment of such fee and interest shall not be deemed as the release of any person from the liability related to criminal proceedings mentioned in Chapter-23.

4) In cases where the fee and interest have been assessed pursuant to this Section, the Department shall give a written notice of the assessment, setting out the following matters, to that person. Such notice may be attached to and sent along with the notice to be issued pursuant to Section 102:

a) The reasons why the Department has to assess the fee and interest,

b) The amount for the fee and interest payable,

c) The method how the amount has been computed,

d) The time, place and mode for making a compliant against the assessment.

5) It shall be as follows in assessing the fee and interest pursuant to this Section:-

a) The matters contained in Sub-section (1), Subsection (2), clause (b) of Sub-section (3), Sub section (4) and (5) of Section 101 shall also be applicable in assessing the fee and interest pursuant to this Section, and

b) The matters contained in clauses (b) and (c) of Subsection (3), Sub-sections (4) and (5) of Section 101 and Section 102 shall also be applicable in the case of Sub-section (4) of this Section.

Explanation: For purposes of this Section, "any information or statement submitted to the Department" means the statement/details mentioned in the explanation referred to in Section 120.

a) To obstruct the officer of the Department in the course of carrying out his duty pursuant to this Act,

b) Not to act as per the notice referred to in Section 83, or

c) To obstruct in any other manner in the implementation of this Act.

2) Any person who attempts to commit an act referred to in Subsection (1) shall be punished with half a punishment mentioned in that Sub-section.

2) In cases where any person who is not authorized under this Act collects tax or any other amount in the name of tax or attempts to collect the same, such a person shall be punished with a fine of a sum from eighty Thousand Rupees to two hundred Thousand Rupees or with imprisonment for a term from one year to three years or with both penalties .

Provided that, if such an accomplice is a governmental employee, he shall be liable to punishment equal to the punishment imposed on the offender.

2) In making the order referred to in Sub-section (1), the Department has to set out in such an order such offense, the amount of fine to be paid and the date for payment of the amount of fine.

3) The order made by the Department pursuant to this Section shall be final and no appeal may be made against it.

2) In conducting investigation pursuant to Sub-section (1), the investigating officer shall seek advice and opinion of the government attorney.

2) The following Acts are hereby amended as follows:-

a) Section 15 of the National Loans Act, 2017 (1960) is hereby repealed.

b) Amendment to the Employee Provident Fund Act, 2019 (1962): The words "no tax of any kind except income tax shall be levied" shall be substituted for the words "no tax of any kind shall be levied" contained at the end of clause (b) of Section 18 of the Employee Provident Fund Act 2019 (1962).

c) Amendment to the Nepal Petroleum Act, 2040 (1984): Clause (c) of Section 13 of the Nepal Petroleum Act, 2040 (1984) is hereby deleted.

d) Amendment to Section 29 of the Retirement Fund Act, 2042 (1986): The words "no tax of any kind except income tax shall be levied" shall be substituted for the words "no tax of similar other kind shall be levied" contained in Section 29 of the Retirement Fund Act, 2042 (1986).

e) Amendment to Section 51 of the Citizen Investment Fund Act, 2047 (1991): Section 51 of the Citizen Investment Fund Act, 2047 (1991) is hereby repealed.

f) Amendment to Section 30 of the Nepal Academy for Science and Technology Act, 2048 (1991): Section 30 of the Royal Nepal Academy for Science and Technology Act, 2048 (1991) is hereby repealed.

g) Amendment to Section 15 of the Industrial Enterprises Act, 2049 (1992):

(1) Clauses (c), (d), (e), (j), (l), (p), (q), (r), (s), (t) of Section 15 of the Industrial Enterprises Act, 2049 (1992) are hereby deleted.

(2) The words " respectively Thirty, TwentyFive and Twenty percent on the income tax until ten years of the date of operation and" are hereby deleted.

h) Amendment to the Foreign Investment and Technology Transfer Act, 2049 (1992): Sub-section (1a.) of Section 5 of the Foreign Investment and Technology Transfer Act, 2049 (1992) is hereby deleted.

I) Amendment to the B. P. Koirala Health Science Institute Act, 2049 (1992): The word "income-tax" contained in the second line of Section 21 of the B. P. Koirala Health Science Institute Act, 2049 (1992) is hereby deleted.

J) Amendment to the Tribhuvan University Act, 2049 (1992): Sub-section (2) of Section 33 of the Tribhuvan University Act, 2049 (1992) is hereby deleted.

K) Amendment to the Electricity Act, 2049 (1992):

(1) The word "income-tax" contained in the heading of Section 12 of the Electricity Act, 2049 (1992) is hereby deleted.

(2) Sub-sections (1), (2), (3), (4), (5) and (6) are hereby deleted.

L) Amendment to the Pokhara University Act, 2053 (1996): Sub-section (2) of Section 36 of the Pokhara University Act, 2053(1996) is hereby deleted.

M) Amendment to Section 18 of the B. P. Koirala Memorial Cancer Hospital Act, 2053 (1996): The word "income-tax" contained in Sub-section (1) of Section 18 of the B. P. Koirala Memorial Cancer Hospital Act, 2053 (1996) is hereby deleted.

n) Amendment to the Town Development Fund Act, 2053 (1996): Section 24 of the Town Development Fund Act, 2053 (1996) is hereby repealed.

o) Sub-section (1) of Section 34 of the Telecommunications Act, 2053(1996) is hereby repealed.

3) All acts and actions done or taken under the Acts or Sections of the Acts repealed or amended pursuant to Sub-section (1) or (2) shall be deemed to have been done or taken under this Act.

4) The provisions of the Income Tax Act, 2031(1974) shall apply to the provisions relating to the assessment and collection of income tax for the income year prior to the commencement of this Act.

(१) कुनै आय वर्षमा बासिन्दा प्राकृतिक व्यक्तिको करयोग्य आयमा यस अनुसूचीको उपदफा (२) र (४) का अधीनमा रही देहाय बमोजिमको दरले कर लाग्नेछ ः–
(क) पैसठ्ठी हजार रुपैयाँसम्म करयोग्य आय भएमा कर नलाग्ने,
(ख) पैसठ्ठी हजार रुपैयाँभन्दा बढी तर एकलाख चालीस हजार रुपैयाँसम्म करयोग्य आय भएमा पैसठ्ठी हजार रुपैयाँभन्दा बढी करयोग्य आयमा पन्ध्र प्रतिशत, र
(ग) एक लाख चालीस हजार रुपैयाँभन्दा बढीको करयोग्य आय भएमा एकलाख चालीस हजार रुपैयाँ सम्मको करयोग्य आयमा रु. ११,२५०।– र एक लाख चालीस हजार रुपैयाँभन्दा बढी भएको करयोग्य आयमा पच्चीस प्रतिशत ।

(२) कुनै आय वर्षमा दफा ५० बमोजिम छनौट गर्ने कुनै दम्पत्तिको करयोग्य आयमा यस अनुसुचीको उपदफा (४) को अधीनमा रही देहाय बमोजिमको दरमा कर लाग्नेछ ः–
(क) पचासी हजार रुपैयाँसम्म करयोग्य आय भएमा कर नलाग्ने,
(ख) पचासी हजार रुपैयाँभन्दा बढी तर एकलाख साठी हजार रुपैयाँसम्म करयोग्य आय पचासी हजार रुपैयाँभन्दा बढी करयोग्य आयमा पन्ध्र प्रतिशत, र
(ग) एक लाख साठी हजार रुपैयाँभन्दा बढी करयोग्य आय भएमा एक लाख साठी हजार रुपैयाँसम्मको करयोग्य आयमा रु ११,२५०।– र एक लाख साठी हजार रुपैयाँभन्दा बढी भएको करयोग्य आयमा पच्चीस प्रतिशत ।

(३) यस अनुसूचीको उपदफा (४) मा उल्लिखित व्यवस्था देहायको अवस्थामा लागू हुने ः–
(क) बासिन्दा प्राकृतिक व्यक्तिको सम्बन्धमा कुनै आय वर्षमा पैसठ्ठी हजार रुपैयाँभन्दा बढी आय भएको वा दफा ५० बमोजिमको छनौट नगरेको बासिन्दा दम्पतीको सम्बन्धमा कुनै आय वर्षमा पचासी हजार रुपैयाँभन्दा बढी आय भएको, र 
(ख) गैर–व्यावसायिक करयोग्य सम्पत्तिको निसर्गबाट प्राप्त खूद लाभ सो प्राकृतिक व्यक्ति वा दम्पतीको आय र तदअनुरुप करयोग्य आयको गणनामा समावेश भएको ।

(४) यस अनुसूचीको उपदफा (३) को अधीनमा रही देहायका व्यक्तिलाई देहाय बमोजिम कर लाग्नेछ ः–
(क) देहायका रकममध्ये जुन बढी छ सो रकममा सो प्राकृतिक व्यक्ति वा दम्पतीको सो मात्र करयोग्य आय भए सरह मानी यस अनुसूचीको उपदफा (१) वा (२) बमोजिमको दरले कर लाग्नेछ ः–
(१) सो प्राकृतिक व्यक्ति वा दम्पतीको जम्मा करयोग्य आयबाट सो लाभको रकम घटाई बाँकी हुन आउने रकम, वा 
(२) प्राकृतिक व्यक्तिको सम्बन्धमा पैसठ्ठी हजार रुपैयाँ वा दम्पतीको सम्बन्धमा पचासी हजार रुपैयाँ ।
(ख) सो करयोग्य आयको बाँकी रकममा दश प्रतिशतका दरले कर लाग्नेछ ।

(५) श्री ५को सरकारले तोकेको दुर्गम क्षेत्रमा बसोबास गर्ने प्राकृतिक व्यक्तिहरुको लागि यस अनुसूचीको उपदफा (१), (२), (३) र (४) मा उल्लिखित कर नलाग्ने सीमाको रकम पैसठ्ठी हजार रुपैयाँ र पचासी हजार रुपैयाँमा दुर्गम भत्ता बापत तोकिए बमोजिम बढीमा तीसहजार रुपैयाँसम्म वृद्धि गर्न सकिनेछ ।

(६) यस ऐनको दफा ४ को उपदफा (४) बमोजिमको सीमा एक लाख रुपैयाँ आय र दश लाख रुपैयाँ बराबरको कारेबार हुनेछ ।

(७) यस ऐनको दफा ४ का उपदफा (४) बमोजिम करको रकम देहाय बमोजिमको हुनेछ ः–
(क) महानगरपालिका वा उपमहानगरपालिका क्षेत्रमा व्यवसाय गर्ने प्राकृतिक व्यक्तिका हकमा दुईहजार रुपैयाँ,
(ख) नगरपालिका क्षेत्रमा व्यवसाय गर्ने प्राकृतिक व्यक्तिका हकमा एक हजार पाँच सय रुपैयाँ,
(ग) अन्य कुनै स्थानमा व्यवसाय गर्ने प्राकृतिक व्यक्तिका हकमा एक हजार रुपैयाँ ।

(८) गैर बासिन्दा प्राकृतिक व्यक्तिको कुनै आय वर्षको करयोग्य आयमा पच्चिस प्रतिशतका दरले कर लाग्नेछ ।

(९) यस दफामा अन्यन्त्र जुनसुकै कुरा लेखिएको भए तापनि कुनै बासिन्दा प्राकृतिक व्यक्तिको लागि उपदफा (१) को खण्ड (क) वा दम्पत्तिको लागि उपदफा (२) को खण्ड (क) मा उल्लिखित रकम को पच्चीस प्रतिशत थप रकम करयोग्य आयबाट घटाई बाँकी रहने रकममा मात्र यस दफा बमोजिम करको गणना गरिनेछ ।

(१०) यस दफामा अन्यन्त्र जुनसुकै कुरा लेखिएको भए तापनि भाडाका सवारी साधन धनीहरूबाट देहाय बमोजिमको वार्षिक कर असुल गरिनेछ । सवारी साधन धनी प्राकृतिक व्यक्ति भएमा यसरी तिरेको कर नै अन्तिम हुनेछ ।  

सवारीको किसिम                 प्रति सवारी साधनमा बुझाउनु पर्ने वार्षिक कर

 (अ) मिनिवस, मिनि ट्रक, ट्रक र बस     रू. १,५००।–  

(आ) कार, जिप, भ्यान, माइक्रो बस     रू. १,२००।–

 (इ) थ्रि ह्विलर, अटो रिक्सा, टेम्पो         रू. ८५०।–  

(ई) टे«क्टर र पावर टिलर             रू. ७५०।–

(१) कुनै आय वर्षमा बासिन्दा प्राकृतिक व्यक्तिको करयोग्य आयमा यस अनुसूचीको उपदफा (२) र (४) का अधीनमा रही देहाय बमोजिमको दरले कर लाग्नेछ ः–
(क) पैसठ्ठी हजार रुपैयाँसम्म करयोग्य आय भएमा कर नलाग्ने,
(ख) पैसठ्ठी हजार रुपैयाँभन्दा बढी तर एकलाख चालीस हजार रुपैयाँसम्म करयोग्य आय भएमा पैसठ्ठी हजार रुपैयाँभन्दा बढी करयोग्य आयमा पन्ध्र प्रतिशत, र
(ग) एक लाख चालीस हजार रुपैयाँभन्दा बढीको करयोग्य आय भएमा एकलाख चालीस हजार रुपैयाँ सम्मको करयोग्य आयमा रु. ११,२५०।– र एक लाख चालीस हजार रुपैयाँभन्दा बढी भएको करयोग्य आयमा पच्चीस प्रतिशत ।

(२) कुनै आय वर्षमा दफा ५० बमोजिम छनौट गर्ने कुनै दम्पत्तिको करयोग्य आयमा यस अनुसुचीको उपदफा (४) को अधीनमा रही देहाय बमोजिमको दरमा कर लाग्नेछ ः–
(क) पचासी हजार रुपैयाँसम्म करयोग्य आय भएमा कर नलाग्ने,
(ख) पचासी हजार रुपैयाँभन्दा बढी तर एकलाख साठी हजार रुपैयाँसम्म करयोग्य आय पचासी हजार रुपैयाँभन्दा बढी करयोग्य आयमा पन्ध्र प्रतिशत, र
(ग) एक लाख साठी हजार रुपैयाँभन्दा बढी करयोग्य आय भएमा एक लाख साठी हजार रुपैयाँसम्मको करयोग्य आयमा रु ११,२५०।– र एक लाख साठी हजार रुपैयाँभन्दा बढी भएको करयोग्य आयमा पच्चीस प्रतिशत ।

(३) यस अनुसूचीको उपदफा (४) मा उल्लिखित व्यवस्था देहायको अवस्थामा लागू हुने ः–
(क) बासिन्दा प्राकृतिक व्यक्तिको सम्बन्धमा कुनै आय वर्षमा पैसठ्ठी हजार रुपैयाँभन्दा बढी आय भएको वा दफा ५० बमोजिमको छनौट नगरेको बासिन्दा दम्पतीको सम्बन्धमा कुनै आय वर्षमा पचासी हजार रुपैयाँभन्दा बढी आय भएको, र 
(ख) गैर–व्यावसायिक करयोग्य सम्पत्तिको निसर्गबाट प्राप्त खूद लाभ सो प्राकृतिक व्यक्ति वा दम्पतीको आय र तदअनुरुप करयोग्य आयको गणनामा समावेश भएको ।

(४) यस अनुसूचीको उपदफा (३) को अधीनमा रही देहायका व्यक्तिलाई देहाय बमोजिम कर लाग्नेछ ः–
(क) देहायका रकममध्ये जुन बढी छ सो रकममा सो प्राकृतिक व्यक्ति वा दम्पतीको सो मात्र करयोग्य आय भए सरह मानी यस अनुसूचीको उपदफा (१) वा (२) बमोजिमको दरले कर लाग्नेछ ः–
(१) सो प्राकृतिक व्यक्ति वा दम्पतीको जम्मा करयोग्य आयबाट सो लाभको रकम घटाई बाँकी हुन आउने रकम, वा 
(२) प्राकृतिक व्यक्तिको सम्बन्धमा पैसठ्ठी हजार रुपैयाँ वा दम्पतीको सम्बन्धमा पचासी हजार रुपैयाँ ।
(ख) सो करयोग्य आयको बाँकी रकममा दश प्रतिशतका दरले कर लाग्नेछ ।

(५) श्री ५को सरकारले तोकेको दुर्गम क्षेत्रमा बसोबास गर्ने प्राकृतिक व्यक्तिहरुको लागि यस अनुसूचीको उपदफा (१), (२), (३) र (४) मा उल्लिखित कर नलाग्ने सीमाको रकम पैसठ्ठी हजार रुपैयाँ र पचासी हजार रुपैयाँमा दुर्गम भत्ता बापत तोकिए बमोजिम बढीमा तीसहजार रुपैयाँसम्म वृद्धि गर्न सकिनेछ ।

(६) यस ऐनको दफा ४ को उपदफा (४) बमोजिमको सीमा एक लाख रुपैयाँ आय र दश लाख रुपैयाँ बराबरको कारेबार हुनेछ ।

(७) यस ऐनको दफा ४ का उपदफा (४) बमोजिम करको रकम देहाय बमोजिमको हुनेछ ः–
(क) महानगरपालिका वा उपमहानगरपालिका क्षेत्रमा व्यवसाय गर्ने प्राकृतिक व्यक्तिका हकमा दुईहजार रुपैयाँ,
(ख) नगरपालिका क्षेत्रमा व्यवसाय गर्ने प्राकृतिक व्यक्तिका हकमा एक हजार पाँच सय रुपैयाँ,
(ग) अन्य कुनै स्थानमा व्यवसाय गर्ने प्राकृतिक व्यक्तिका हकमा एक हजार रुपैयाँ ।

(८) गैर बासिन्दा प्राकृतिक व्यक्तिको कुनै आय वर्षको करयोग्य आयमा पच्चिस प्रतिशतका दरले कर लाग्नेछ ।

(९) यस दफामा अन्यन्त्र जुनसुकै कुरा लेखिएको भए तापनि कुनै बासिन्दा प्राकृतिक व्यक्तिको लागि उपदफा (१) को खण्ड (क) वा दम्पत्तिको लागि उपदफा (२) को खण्ड (क) मा उल्लिखित रकम को पच्चीस प्रतिशत थप रकम करयोग्य आयबाट घटाई बाँकी रहने रकममा मात्र यस दफा बमोजिम करको गणना गरिनेछ ।

(१०) यस दफामा अन्यन्त्र जुनसुकै कुरा लेखिएको भए तापनि भाडाका सवारी साधन धनीहरूबाट देहाय बमोजिमको वार्षिक कर असुल गरिनेछ । सवारी साधन धनी प्राकृतिक व्यक्ति भएमा यसरी तिरेको कर नै अन्तिम हुनेछ ।  

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 (अ) मिनिवस, मिनि ट्रक, ट्रक र बस     रू. १,५००।–  

(आ) कार, जिप, भ्यान, माइक्रो बस     रू. १,२००।–

 (इ) थ्रि ह्विलर, अटो रिक्सा, टेम्पो         रू. ८५०।–  

(ई) टे«क्टर र पावर टिलर             रू. ७५०।–