Stories By 'PRITHVI MAN SHRESTHA'
A day before the expiry of the seven-day deadline to pay its capital gains tax, Ncell, a private telecom giant, on Monday lodged a petition at the Supreme Court, arguing that the Large Taxpayers Office has wrongly determined their tax liability at Rs39.06 billion.
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Non-government organisations which were converted into microfinance institutions as per the policy of Nepal Rastra Bank need to deposit the reserve fund they earned in the capacity of NGO into the government’s treasury, the Office of the Auditor General has said.
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As per Value Added Tax Act, VAT is applicable to the businesses whose annual turnover is over Rs2 million in case of service businesses.
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Two days before the deadline set by Large Taxpayers Office for Ncell to clear its dues expires, the mobile company says it has still not taken a decision on the amount determined by the tax office.
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A one-and-a-half-year-old Supreme Court verdict in relation to the Nagdhunga-Kalanki road expansion has affected a number of road projects in the Valley.
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International non-governmental organisations are found to have received nearly three times more funds than what they showed to the government agencies concerned in the past three fiscal years, the Office of the Auditor General says.
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