Here is the list of highlights of budget 2077/78. Per capita Income will be 1,388 US Dollar. Other Sector Highlights Establishment of Health desk & quarantine checks at international borders.…
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A credit default swap is a type of credit derivative that provides the buyer with protection against the defaults. For example: if a lender feels that his/her loans to a…
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Let us say you have been appointed for your dream job. Now, you will be earning your salary in coming days. For receiving your earned money, your organization certainly request…
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Sec. 2 (Ga) defines “Final Withholding Payment” as the payment like dividend, rent, interest and payment to non-resident person mentioned in sec.92 of the Income tax Act and which is…
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Nepal Financial Reporting Standards (NFRS) Nepal Financial Reporting Standards (NFRS) are set of financial reporting standards developed by the Accounting Standards Board (ASB) with belief that the common global language…
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TDS Rates in Nepal :F.Y. 2076-77 Sec.87 to sec.93 of the Income Tax Act, 2058 requires a person making payments specified therein to withhold tax (deduct TDS ) as per…
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While the country is going through the difficult situation due to the pandemic COVID 19, again, NRB has scrolled out a relief package by reducing interest rate to all the…
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AML/CFT stands for Anti-Money Laundering & Combating the Financing of Terrorism. In Nepal, AML/CFT mechanism is struggling to thrive. However, Banks in Nepal are primarily adopting and improvising their AML/CFT…
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On April 19, 2020 (Baisakh 7, 2077), the members of the Institute of Chartered Accountants of India (ICAI) received an email from the recently elected President of the Institute, CA.…
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Repo Rates: Repo rates is the rate at which the banks and financial institutions borrows money from the central bank. Here, Nepal Rastra Bank is the central bank of Nepal.…