Income Tax Subsections Flashcards
Section 95A(5)
Advance tax collection on disposal of land and building classified as NBCA by an individual
Section 95A(6)
Advance tax collection and disposal of land and building by natural person classified as trading assets or depreciable assets or business assets or by entity
Section 95A(2)
Advance tax collection on disposal of shares
Section 95A(1)
Advance tax on commodity future market gain amount
Section 95A(6a)
Advance tax collection on language exam fee and standardized assessment fee
Section 95A(6b)
Advance tax collection payment for software or similar services provided outside Nepal by individual
Section 95A(6c)
Advance tax on payment for consultancy services provided outside Nepal by individual
Section 95A(6d)
Advance tax on payment for uploading audio video content in social media by individual
Section 95A(6e)
Advance tax collection by e-commerce operator
Section 95A(7)
Advance tax collection on import of certain goods for commercial purpose
Section 3(a)
Person having taxable income during the income year
Section 3(b)
Foreign PE of NR situated in Nepal repatriating income during the income year 5% tax
Section 3(c)
Person having income subject to final withholding
Section 4(2)
Computation of tax liability
Section 4(3)
Computation of tax liability for Resident person having employment income only
Section 4(4)
Computation of tax liability for Resident natural person having business income turnover does not exceed 30 lakh profit doesn’t exceed 3 lakh
Section 4(4a)
Computation of tax liability for Resident natural person having business income turnover exceeds 30 lakh but doesn’t exceed 1 crore profit doesn’t exceed 10 lakh
Section 1(7) of Schedule 1
Tax liability for section 4(4)
Section 1(17) of Schedule 1
Tax liability for section 4(4a)
Section 96(5)
Cases when department requires to submit income return
Section 71(4)
Claim deduction for tax paid in foreign country
Section 1(11) of Schedule 1
Female Tax Credit
Section 1(5) of Schedule 1
Remote Area Allowance
Section 1(6) of Schedule 1
Foreign Allowances
