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IRD makes it clear that natural persons who invest for non-commercial purposes will not be subject to the new income tax provision on shares

KATHMANDU: The revised tax code for stock transactions, according to the Inland Revenue Department (IRD), does not disadvantage regular investors. The IRD made this revelation in response to the secondary market investors’ apparent panic over the new tax structure included in the budget for the fiscal year 2023–2024. ....

IRD makes it clear that natural persons who invest for non-commercial purposes will not be subject to the new income tax provision on shares
Muglin-Malekhu road section being upgraded with World Bank assistance

Muglin-Malekhu road section being upgraded with World Bank assistance

President Dhakal asks Indian business community to explore Nepal’s unique opportunities

President Dhakal asks Indian business community to explore Nepal’s unique opportunities

Two petroleum pipelines to be constructed for smooth supply of petroleum products

Two petroleum pipelines to be constructed for smooth supply of petroleum products

Dahal, Modi laid the foundation of 2nd 400 kVA cross-border transmission line

Dahal, Modi laid the foundation of 2nd 400 kVA cross-border transmission line

NATTA miffed with govt decision to impose 13 percent VAT on air-travel tickets

NATTA miffed with govt decision to impose 13 percent VAT on air-travel tickets

Gold’s cost reaches an all-time high

Gold’s cost reaches an all-time high

Government modifies the system of agricultural subsidies

Government modifies the system of agricultural subsidies

India to buy 10,000 megawatts of electricity from Nepal in next 10 years: Modi

India to buy 10,000 megawatts of electricity from Nepal in next 10 years: Modi

Nepal, India ink seven main agreements during PM visit

Nepal, India ink seven main agreements during PM visit

Shovhakant Poudel appointed as DG of customs department

Shovhakant Poudel appointed as DG of customs department

Govt, WB sign $120 mln concessional loan financing agreement and $19.7 mln grant agreement

Govt, WB sign $120 mln concessional loan financing agreement and $19.7 mln grant agreement

President Paudel certified controversial Citizenship Bill

President Paudel certified controversial Citizenship Bill

Two dozen companies are placed on a blacklist by PPMO

Two dozen companies are placed on a blacklist by PPMO

NMB bank’s Mahottari branch robbed

NMB bank’s Mahottari branch robbed

Price of sugar to fall as govt reduces customs duty

Price of sugar to fall as govt reduces customs duty

Rs 10K tax levied on imported cell phones costing over Rs 100,000

Govt will increase investment in the green energy sector

Govt will increase investment in the green energy sector

Govt sets up arrangements so that tax payments are made within four months

Govt sets up arrangements so that tax payments are made within four months

Govt will permit businesses to be founded with just a Rs. 100 minimum authorized capital

Govt will permit businesses to be founded with just a Rs. 100 minimum authorized capital

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