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Rent Tax Practices in Nepal rather than Natural Person

By Santosh Tandukar in 17 Jun 2024 | 11:53 pm
Santosh Tandukar

Santosh Tandukar

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Suppose ABC Pvt Ltd has a lease contract with Nepal Complex Pvt Ltd. It has below mentioned confusions:

1. Where ABC Pvt Ltd should deposit the Rent Tax, at Tax Office or Municipality?

2. What is the TDS Rate for Rent in Tax Office and Municipality?

3. Do we need to pay Rent Tax at both Tax Office and Municipality?

4. If paid at both level, will be there double taxation burden to the tax payer?

5. How Nepal Complex Pvt Ltd Advance Tax if paid only in Municipality? Is there any mechanism for Advance Tax claim.

17 Jun 2024 | 11:53 pm
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Sujan Shah

Sujan Shah

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Covered in taxation in TDS chapter, can ask question in that session,

There are conflicting provisions in Income Tax and local tax, explanation to which is long and confusing, so please raise the question in live session.

18 Jun 2024 | 12:41 pm
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