News and Views

Changes in Income Tax Act 2058 of Nepal by Finance Bill 2079

We are happy to share the changes made by Finance Bill 2079 to Income Tax Act, 2058. The old and new provisions are presented in comparative form for ease of understanding.  If entirely new provision has been added no any formatting is done. If there are changes in previously existing provisions, they are shown in bold and highlighted yellow.  Deletions have been shown using Italics, strikethrough & Red Font. Please email us or message us Read more…

By adminshankar, ago

Changes in Income Tax Act 2058 of Nepal by Finance Bill 2078

We are happy to share the changes made by Finance Bill 2078 to Income Tax Act, 2058. The old and new provisions are presented in comparative form for ease of understanding.  If entirely new provision has been added no any formatting is done. If there are changes in previously existing provisions, they are shown in bold and highlighted yellow.  Deletions have been shown using Italics, strikethrough & Red Font. Please email us or message us Read more…

By adminshankar, ago

Fixation of Minimum Remuneration

Ministry of Labour, Employment and Social Security has published a notice in Nepal Gazette on 2078/01/20  regarding Minimum Remuneration of labours pursuant to Section 106 (3) of Labour Act, 2074. The minimum monthly remuneration has been increased to NPR 15,000 from previous rate of NPR 13,450. The daily and hourly wage rates have also been revised accordingly. Here, for the ease of interpretation and understanding by all the users, we have presented side by side, Read more…

By adminshankar, ago

Budget Update on COVID 19 Relief

Budget Update on COVID 19 Relief An update on Provisions in Budget regarding Relief, Facilities and Economic Recovery. The Coronavirus Pandemic has caused disruption in the businesses globally. Government of Nepal thorough budget of Fiscal Year 2077/78 has proposed some relief and facilities for those affected by the pandemic. This update summarizes the provisions of Relief, Facilities and Economic Recovery section of Budget Speech by Honourable Finance Minister Dr. Yuvaraj Khatiwada presented to joint meeting Read more…

By adminshankar, ago

Changes in Income Tax Act 2058 of Nepal by Finance Bill 2077

We are happy to share the changes made by Finance Bill 2077 to Income Tax Act, 2058. The old and new provisions are presented in comparative form for ease of understanding.  If entirely new provision has been added no any formatting is done. If there are changes in previously existing provisions, they are shown in bold and highlighted yellow.  Deletions have been shown using Italics, strikethrough & Red Font. Please email us or message us Read more…

By adminshankar, ago

Update on second notices by Nepal Rastra Bank (NRB) considering Coronavirus (COVID 19) Pandemic

The Coronavirus Pandemic has caused disruption in the businesses globally. To curb spread of the virus, Nepal has also resorted to lockdown. Considering this situation Nepal Rastra Bank (NRB) has published second notice announcing certain relief measures to borrowers and Bank and Financial Institutions.  We have compiled the notices and translated them to make it easy for readers to understand them. For notifying of Errors or any suggestion, email at: info@saca.com.np | shankarassociates.ca@gmail.com or Message Read more…

By adminshankar, ago

Update on notices by Inland Revenue Department (IRD) and Nepal Rastra Bank (NRB) considering Coronavirus (COVID 19) Pandemic

The Coronavirus Pandemic has caused disruption in the businesses globally. To curb spread of the virus, Nepal has also resorted to lockdown. Considering this situation, Inland Revenue Department (IRD) and Nepal Rastra Bank (NRB) published notice announcing various relief measures to taxpayers, borrowers and Bank and Financial Institutions.  We have compiled the notices and translated them to make it easy for readers to understand them. For notifying of Errors or any suggestion, email at: info@saca.com.np Read more…

By adminshankar, ago

Social Security Fund (SSF) Issues notice for deposit

Social Security Fund(SSF) Issues notice for deposit Social Security Fund (SSF) has issued notice to organizations listed with SSF to start depositing the contribution amount starting 2076 Shrawan as below: सामाजिक सुरक्षा कोषमा रकम जम्मा गर्नको लागि सूचना सामाजिक सुरक्षा कोषले सामाजिक सुरक्षा कोषमा सुचिकृत भई नियमानुसार योगदान रकम बुझाउनुपर्ने संगठित संस्थाहरुले २०७६ श्रावण महिना देखि सामाजिक सुरक्षा कोषमा योगदान रकम बुझाउनका लागि सामाजिक सुरक्षा कोषले निम्न बमोजिमको सूचना जारि गरेको छ:  

By adminshankar, ago