Tax Audit Process in Nepal
Introduction to Tax Audits in Nepal Tax audits in Nepal are systematic examinations of an individual or organization’s tax returns and financial records conducted by the Inland Revenue Department (IRD) to verify the accuracy of reported income, deductions, and tax payments. These audits play a crucial role guarantee compliance with Nepal’s tax laws and regulations, […]
Tax Assessment in Nepal
Introduction to Tax Assessment in Nepal Tax assessment is a critical process in Nepal’s taxation system, governed by the Income Tax Act, 2058 (2002). It involves the evaluation of a taxpayer’s financial information to determine their tax liability. In Nepal, both individuals and businesses are required to undergo tax assessment to ensure compliance with the […]
Tax Planning Process in Nepal
Introduction to Tax Planning in Nepal Tax planning is a strategic approach to managing financial affairs to minimize tax liability within the bounds of Nepali tax laws. In Nepal, tax planning involves analyzing one’s financial situation and identifying legal ways to reduce tax obligations. The Income Tax Act 2058 (2002) and other tax regulations provide […]