tag:blogger.com,1999:blog-75331542596208654552024-03-04T23:48:26.141-08:00NCASL-Nepal's Commercial And Social LearningpointKnowledge is only asset which increases more and more by giving to otherspasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.comBlogger48125tag:blogger.com,1999:blog-7533154259620865455.post-85577613647314683912012-09-17T11:10:00.001-07:002012-09-17T11:35:48.502-07:00House rent tax directive 2068<span xmlns=""></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVazHleX6UfoajgvwTHmXOC7fzdVR3opT2cr-ZVuRGQ8VXJdtFD55AqIXa8imW_9J19BbW0WYTk9nOMV8R3Oyz228gBLqiLj6sRVz3rnYu_fFCVWpGr2HvmVvqzgsIu21zIiq9SJ-TetE/s1600/house+rent+tax.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVazHleX6UfoajgvwTHmXOC7fzdVR3opT2cr-ZVuRGQ8VXJdtFD55AqIXa8imW_9J19BbW0WYTk9nOMV8R3Oyz228gBLqiLj6sRVz3rnYu_fFCVWpGr2HvmVvqzgsIu21zIiq9SJ-TetE/s200/house+rent+tax.jpg" width="200" /></a></div>
<span xmlns="">House rent directives has been issued by Inland Revenue Department in 2012 to collect effective tax from house owners. Government has taken measures to effectively collect tax on income from rent.</span><br />
<span xmlns=""><strong>Do Natural person have to file tax return?</strong></span><br />
<span xmlns="">No, Natural persons do not have to file tax return as it is covered under section 92 final withholding tax.</span><br />
<span xmlns=""><strong>Has the tax rate on rent changed?</strong></span><br />
<span xmlns="">The rate of tax on house rent is same as before which is 10% (ten percent).</span><br />
<span xmlns=""><strong>Can Ghardhani (house owner) claim its expenses from house rent?</strong></span><br />
<span xmlns="">No, Natural person cannot claim expenses paid like property tax etc. from rent income.</span><br />
<span xmlns=""><strong>Can Entity claim expenses?</strong></span><br />
<span xmlns="">Yes, entity is allowed to claim expenses, while submitting return which is compulsory.</span><br />
<span xmlns=""><strong>Can we reduce rent to pay less tax?</strong></span><br />
<span xmlns="">Tax officer can do amended assessment of tax as per tax collected from similar property in similar locations, so we should pay proper tax on actual basis.</span><br />
<span xmlns=""><strong>Do we need to keep any accounts also?</strong></span><br />
<span xmlns="">Not particularly but we have to maintain a book provided by tax office (Abhilekh pustika) for 4(Four years). The format is provided in IRD website or can be collected form tax service centers.</span><br />
<span xmlns=""><strong>Does rent payer have to get PAN compulsorily?</strong></span><br />
<span xmlns="">Yes, Rent payer should get personal PAN as per directives.</span><br />
<span xmlns=""><strong>What if in some months' rent is not received or received less than before what should we do?</strong></span><br />
<span xmlns="">Tax payer should immediately inform tax office by writing letter and note the darta number(Registration Number).</span><br />
<span xmlns=""><strong>What more we need to do?</strong></span><br />
<span xmlns="">Taxpayers have to declare rental income and details of property should be provided as per annexure 1 of this directive(Abhilekh pustika)</span><br />
<span xmlns=""><br /> </span><br />
<span xmlns=""><br /> </span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-69095150259620800102012-08-09T04:54:00.001-07:002012-08-09T05:17:45.355-07:00DHUKUTI is totally illegal and Evil<span xmlns=""></span><br />
<span xmlns="">
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<span xmlns=""><strong>Dhukuti is dangerous illegal Game!!</strong></span><br />
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<a href="https://encrypted-tbn0.google.com/images?q=tbn:ANd9GcSCoiBrmCKrwDc-zx9qqUYnMlW_kf2AGrG9ZYJiqCQbfXAwLxtL" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://encrypted-tbn0.google.com/images?q=tbn:ANd9GcSCoiBrmCKrwDc-zx9qqUYnMlW_kf2AGrG9ZYJiqCQbfXAwLxtL" /></a></div>
<span xmlns="">Now days when Nepali investor are eager to invest but has do not know a better place to invest are easily lured and persuaded by people to play Dhukuti. People are persuaded in name of easy money and entertainment by arranging picnic.</span><br />
<span xmlns=""><strong>Is it illegal to play Dhukuti?</strong></span><br />
<span xmlns="">Yes, Dhukuti is illegal as per Nepal Rastra Bank Act 2002 and Banking and Finance Act prevailing in Nepal. </span><br />
<span xmlns=""><br /> </span><br />
<span xmlns=""><strong>Where can we complain when cheated by the Dhukuti ?</strong></span><br />
<span xmlns="">You can report it to Nepal police or central Investigation Bureau, but it is certain you will be also arrested for your involvement in Dhukuti which is illegal.</span><br />
<span xmlns=""><br /> </span><br />
<span xmlns=""><span style="font-size: 12pt;"><strong>Some Facts about Dhukuti in Nepal!!</strong></span></span><br />
<span xmlns="">In Kathmandu alone there are reported twelve (12) Suicide cases.</span><br />
<span xmlns="">Recently "Director" of White Gold College Madhave Sharma fled while taking three Crores of Dhukuti amount.</span><br />
<span xmlns=""><br /> </span><br />
<span xmlns=""><span style="font-size: 14pt;"><strong>Advice</strong></span></span><br />
<span xmlns=""><span style="font-size: 14pt;"><strong>Please do not be involved in Dhukuti, no matter how much you are persuaded.</strong></span></span><br />
<span xmlns=""><br /> </span><br />
<span xmlns=""><span style="font-size: 14pt;"><strong>PAC, Consulting Firm</strong></span></span><br />
<span xmlns=""><span style="font-size: 14pt;"><strong>Pasang Lama</strong></span></span><br />
<span xmlns=""><br /> </span><br />
<span xmlns=""><br /> </span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-90961798764616034942011-12-11T23:22:00.001-08:002011-12-11T23:22:18.771-08:00Fine and Interest as per Nepal Income Tax Act 2058<span xmlns=''><div><table border='0' style='border-collapse:collapse'><colgroup><col style='width:49px'/><col style='width:275px'/><col style='width:302px'/></colgroup><tbody valign='top'><tr style='height: 33px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-bottom: solid black 0.75pt' vAlign='bottom' colspan='3'><p><span style='color:black; font-size:18pt'><strong>chapter 22 Fine and Interest</strong></span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>section</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>Default</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>Fine</strong></span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>117</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>records not kept and non submission of return</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>non submission of estimated returns (sec 95)</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>2000.00</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>non submission of final return sec 96-self assessment</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>natural person</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>100 per month</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>other person</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>0.1 % of assesable income or Rs 100 per month whichever higher</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>if record not retained for 5 years</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>0.1 % of assesable income or Rs 1000 whichever higher</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>if monthly TDS return not submitted in time</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>1.5% of amount due for each part of month</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>118</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>if estimated tax paid as per sec 94 is below defined limit(80% of actual)</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>15% (general interest rate for each month upto date of return) on the difference amount</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>119</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>if tax not paid in time</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>15%(general interest rate for each month upto date of non payment)</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>120</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>false return filing</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>if non voluntary and by mistake</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>50% of the differential tax</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>if voluntary done with malafide intension</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>100% of differential tax</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>121</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>supporting for tax evasion </span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>100% amount of evaded amount</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>For More Details </span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Contact </span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 20px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Paxton Accounting Consultancy</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 20px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Thamel, Nepal</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Tel :9771 4258070, 4249611</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 20px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><a href='http://www.paxton.com.np/'><span style='color:blue; font-size:10pt; text-decoration:underline'>www.paxton.com.np</span></a></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr></tbody></table></div></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-64558877232622708932011-12-11T23:18:00.001-08:002011-12-11T23:18:25.300-08:00Penalty Provisions of Income Tax Act 2058<span xmlns=''><div><table border='0' style='border-collapse:collapse'><colgroup><col style='width:51px'/><col style='width:227px'/><col style='width:195px'/><col style='width:106px'/><col style='width:46px'/></colgroup><tbody valign='top'><tr style='height: 33px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-bottom: solid black 0.75pt' vAlign='bottom' colspan='5'><p><span style='color:black; font-size:18pt'><strong>chapter 23 penalty of Nepalese Income tax Act 2058</strong></span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>section</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>Default</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'><strong>Fine</strong></span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom' colspan='2'><p style='text-align: center'><span style='color:black; font-size:10pt'><strong>Imprisonment</strong></span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>123</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>No filing of tax returns</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>5,000 to 30,000</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>1 to 3 months</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>or both</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>124</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>False retrun filing</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>40,000 to 160,000</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>6 months to 2 years</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>or both</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>125</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>unsupportive role in tax department </span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>5,000 to 20,000</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>1 to 3 months</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>or both</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>126</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>confidencial information leak by tax officer</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>80000</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>one year</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>or both</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>,,</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>tax collection by unauthorised persons</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>80000 to 240000</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>1 to 3 years</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>or both</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>127</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>supporting for tax evasion by other</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>50% of sentence to guilty of tax evasion</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom' rowspan='3' colspan='2'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>,,</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>supporting for tax evasion by tax officer</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>100% of sentence to guilty of tax evasion</span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: solid black 0.75pt; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>128</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>no compliance with any provision of Act</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: solid black 0.75pt; border-right: solid black 0.75pt' vAlign='bottom'><p><span style='color:black; font-size:10pt'>5000 to 30,000 </span></p></td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>For More Details </span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Contact </span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 20px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Paxton Accounting Consultancy</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Thamel, Nepal</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 19px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><span style='color:black; font-size:10pt'>Tel :9771 4258070, 4249611</span></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr><tr style='height: 20px'><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'><p><a href='http://www.paxton.com.np/'><span style='color:blue; font-size:10pt; text-decoration:underline'>www.paxton.com.np</span></a></p></td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px' vAlign='bottom'> </td></tr></tbody></table></div></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-25803792613127066362011-12-11T23:12:00.000-08:002011-12-11T23:16:16.750-08:00Strategic management CAPIII December 2011 question paper.<span xmlns=""><p style="text-align: justify; margin-left: 202pt"><span style="font-family:Bookman Old Style; font-size:9pt">OTP<br /></span></p><p style="text-align: justify; margin-left: 202pt"><span class="Apple-style-span" style="font-family: 'Bookman Old Style'; font-size: 12px; ">Maximum Marks - 100</span></p><p style="text-align: justify"> <span class="Apple-style-span" style="font-family: 'Bookman Old Style'; font-size: 12px; ">Total No. of Questions - 7</span></p><p style="text-align: justify"><span style="font-family:Bookman Old Style; font-size:9pt">Total No. of Printed Pages -2<br /></span></p><p style="text-align: justify"> <span class="Apple-style-span" style="font-family: 'Bookman Old Style'; font-size: 12px; ">Read the following and answer the questions accordingly:</span></p><p style="text-align: justify"><span style="font-family:Bookman Old Style; font-size:9pt">ABC Battery Company was established in Kathmandu about 20 years ago. Its range of main products is Sun Battcry Moon Battery, Light Battery and Long batterv brands. Initially, the total inv<span style="text-decoration:underline">estmen</span>t made was Rs. 30 million out of which 79 percent was foreign direct investment of Indian Batten Company (IBC) <span style="text-decoration:underline">and 21 </span>percent was of local shareholders of Nepal. The average annual turnover was Rs. 80 million in 2007. Rs. 110 minion in 2<span style="text-decoration:underline">009,</span> and is <span style="text-decoration:underline">expec</span>ted t<span style="text-decoration:underline">o reach</span> 130 million in 2011. It was <span style="text-decoration:underline">makin</span>g <span style="text-decoration:underline">30% profit o</span>n investment <sup>:</sup>n 20<span style="text-decoration:underline">J0 an</span>d the tren<span style="text-decoration:underline">d shows gradu</span>al increment of profit for last 10 years. It was payng corporate and other taxes to the Government of Nepal. Currently 300 operation level staff are working^ and it is recognized as a reputed manufacturing firm of Nepal. The technology and management are handled by foreign _ investors as major shareholders. However. participation while making major decisions is common practice in the firm.<br /></span></p><p style="text-align: justify"><span style="font-family:Bookman Old Style; font-size:9pt">In order face competition, especially with Chinese Products available in cheap rate, the top management of the company, after portfolio analysis., decided to extend its .product and market so that per unit cost can be l<span style="text-decoration:underline">owered an</span>d large <span style="text-decoration:underline">share of market ca</span>n be covered. Consolidation- product development, and market penetr<span style="text-decoration:underline">ation strat</span>egies are being considered.<br /></span></p><p style="text-align: justify"><span style="font-family:Bookman Old Style"><span style="font-size:9pt">The company hired 50 new staff for manufacturing new brand of Batteries: Young Battery. Brave Battery, and Sun light Battery. The company has <span style="text-decoration:underline">altogether seven</span> different brands of products and needs aggressive marketing. It published vacancies in national newspapers, the Kathmandu Post and the Himalayan Times, for young and dynamic CEQ for effective strategy formulation and implementation. The company expects that the </span><span style="font-size:10pt"><strong>new </strong></span><span style="font-size:9pt">CEO would craft proper strategy to gain competitive advantage "to become Leader <span style="text-decoration:underline">in the</span> industry.<br /></span></span></p><p style="text-align: justify"><span style="font-family:Bookman Old Style; font-size:9pt"><strong>In light of this scenario, answer the following questions:<br /></strong></span></p><ol><li><div><span style="font-family:Bookman Old Style; font-size:9pt">What are the major strengths and weaknesses of this firm'.' Discuss. ^'<br /></span></div><ol><li><span style="font-family:Bookman Old Style; font-size:9pt">What strategies should the newly appointed CEO craft to achieve strategic advantage? Suggest the best strategy- tor this firm with sufficient logic,<br /></span></li></ol><p style="text-align: justify"><span style="font-size:9pt"><span style="font-family:Bookman Old Style">2 </span><span style="font-family:Garamond"><strong>i </strong></span><span style="font-family:Bookman Old Style">What </span><span style="font-family:Garamond"><strong>is strategic </strong></span><span style="font-family:Bookman Old Style">management? Discuss various levels strategy. </span></span><span style="font-family:Times New Roman; font-size:10pt"><em> 3+</em></span><span style="font-family:Bookman Old Style; font-size:9pt">5=8)<br /></span></p><p><span style="font-family:Bookman Old Style"><span style="font-size:9pt">b) Compare an organization s mission with its objectives</span><span style="font-size:10pt"><strong><em><br /> </em></strong></span></span></p><p> </p></li></ol><ol><li><div style="text-align: justify"><span style="font-size:9pt"><span style="font-family:Bookman Old Style">What steps need to be followed to identifv core competencies of a business firm?</span><span style="font-family:Garamond"><strong><br /> </strong></span></span></div></li><li><div><span style="font-family:Bookman Old Style; font-size:9pt">What are the various steps for internal analysis of a firm? 8 </span><span style="font-family:Times New Roman; font-size:10pt"> </span><span style="font-family:Bookman Old Style"><span style="font-size:17pt"><span style="font-size:9pt">7<br /></span></span></span></div><p style="text-align: justify"><br /> </p></li><li><div><span style="font-family:Bookman Old Style; font-size:9pt">Discuss various elements of the general environment.</span><span style="font-family:Times New Roman; font-size:10pt"> </span><span style="font-size: 9pt; font-family: 'Bookman Old Style'; "><br /> </span></div><ol><li><span style="font-family:Bookman Old Style; font-size:9pt">BCG portfolio matrix is a widely used tool to assess the suitability of strategy. Explain</span><span style="font-family:Times New Roman; font-size:10pt"> </span><span style="font-family:Bookman Old Style; font-size:9pt"><br /> </span></li></ol><p><br /></p><p><span style="font-family:Bookman Old Style; font-size:9pt">a)</span><span style="font-family:Times New Roman; font-size:10pt"> </span><span style="font-family:Bookman Old Style; font-size:9pt">Define strategy evaluation. Discuss difficulties generally encountered in the process of strategy evaluation.</span><span style="font-family:Times New Roman; font-size:10pt"> </span><span style="font-family:Bookman Old Style; font-size:9pt">(3</span><span class="Apple-style-span"><span>+4</span><span>=</span></span><span style="font-size: 9pt; font-family: 'Bookman Old Style'; ">7)<br /></span></p><p><span style="font-family:Bookman Old Style; font-size:9pt">b)</span><span style="font-family:Times New Roman; font-size:10pt"> </span><span style="font-family:Bookman Old Style; font-size:9pt">Explain portfolio analysis and illustrate General Electric Business Screen"</span></p><p><br /></p></li><li><span style="font-family:Bookman Old Style; font-size:9pt">What are the alternative directions of strategic options?<br /></span></li><li><div style="text-align: justify"><span style="font-family:Bookman Old Style; font-size:9pt">Explain different techniques of strategic decision making</span></div></li></ol></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-12100000676534762912011-11-10T22:25:00.001-08:002011-11-10T22:25:04.783-08:00Bunjy, Swing and Cannoying in Nepal rates<span xmlns=''><div style='margin-left: 4pt'><table border='0' style='border-collapse:collapse'><colgroup><col style='width:247px'/><col style='width:126px'/><col style='width:103px'/><col style='width:98px'/></colgroup><tbody valign='top'><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: solid 0.5pt; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'><strong>Activity day trips</strong></span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'><strong>Foreigner(Euro)</strong></span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'><strong>SAARC(Nrs)</strong></span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'><strong>Nepali(Nrs)</strong></span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>bungy or swing day trip</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 78.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,200.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,900.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>bungy & swing day trip</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 102.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 9,000.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,150.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>canyoning day trip</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 60.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 5,400.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 5,850.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>rafting day trip</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 42.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,600.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 2,600.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>high ropes day trip</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 60.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 5,400.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,900.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>bungy & canyoning trip</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 120.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 10,200.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,800.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>go & see day trip</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 18.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 1,560.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 1,300.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'><p><span style='font-family:Garamond; font-size:12pt'><strong>Overnight packages</strong></span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax at the resort <strong>(1 </strong>night)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 48.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 4,200.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 4,550.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & bungy or swing (1 night)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 102.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 9,000.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6,500.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & rafting <strong>(1 </strong>night / 1 day)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 78.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,200.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6,500.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & rafting <strong>(1 </strong>night / 2 days)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 84.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 8,400.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 9,100.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & rafting & bungy <strong>(1 </strong>night)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 138.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 12,000.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 9,750.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & canyoning <strong>(1 </strong>night /1 day)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 78.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,200.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,150.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & canyoning (2 nights / 2 days)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 155.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 14,400.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 13,000.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & canyoning & bungy <strong>(1 </strong>night)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 138.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 12,600.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 9,100.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & high ropes (1 night / 1 day)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 78.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,200.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6,500.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & mountain biking <strong>(1 </strong>night)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 75.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 7,800.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 8,450.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & hiking (1 night)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 54.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 4,800.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 5,200.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>relax & massage <strong>(1 </strong>night)</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 66.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6,000.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6,500.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'><p><span style='font-family:Garamond; font-size:12pt'><strong>Extras</strong></span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>bungy or swing only</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 70.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6,000.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,250.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>extra bungy or swing</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 24.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 2,400.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> - </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>canyoning only</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 42.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 4,200.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,900.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>mountain biking only</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 30.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,000.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,250.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>high ropes only</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 42.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,600.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,250.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>family fun</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 30.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,000.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 3,250.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>hiking guide fee</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 600.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 650.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>massage 1 hour</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 21.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 2,160.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 2,340.00 </span></p></td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'>sauna</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 6.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 600.00 </span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt'><p><span style='font-family:Garamond; font-size:12pt'> 455.00 </span></p></td></tr><tr style='height: 17px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none' colspan='2'><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>Rates mentioned are per person. Activity day</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none' colspan='2'><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>trips include transport and lunch. Overnight</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none' colspan='2'><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>packages include transport, accommodation</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none' colspan='2'><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>and all meals. Accommodation is in 2 person</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none' colspan='2'><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>tents and 4 person tents for groups and</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td></tr><tr style='height: 21px'><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>families.<br /></span></p><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>Contact Paxton Travels:<br /></span></p><p><a href='http://www.paxton.com.np'><span style='font-family:Microsoft Sans Serif; font-size:12pt'>www.paxton.com.np</span></a><span style='font-family:Microsoft Sans Serif; font-size:12pt'><br /> </span></p><p><span style='font-family:Microsoft Sans Serif; font-size:12pt'>tel :4258070, 4249611</span></p></td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td><td style='padding-left: 7px; padding-right: 7px; border-top: none; border-left: none; border-bottom: none; border-right: none'> </td></tr></tbody></table></div></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-7954953568324371192011-10-05T21:31:00.001-07:002011-10-05T21:31:21.561-07:00Remembering Steve Jobs- A Great Speech<span xmlns=''><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>You've got to find what you love,' Jobs says<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>This is the text of the Commencement address by Steve Jobs, CEO of Apple Computer and of Pixar Animation Studios, delivered on June 12, 2005.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I've ever gotten to a college graduation. Today I want to tell you three stories from my life. That's it. No big deal. Just three stories.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>THE FIRST STORY IS ABOUT CONNECTING THE DOTS.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>It started before I was born. My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: "We have an unexpected baby boy; do you want him?" They said: "Of course." My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>And 17 years later I did go to college. But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for the 5¢ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it. And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example:<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer, was beautifully hand calligraphed. Because I had dropped out and didn't have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and san serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can't capture, and I found it fascinating.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>None of this had even a hope of any practical application in my life. But ten years later, when we were designing the first Macintosh computer, it all came back to me. And we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts. And since Windows just copied the Mac, its likely that no personal computer would have them. If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards ten years later.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>Again, you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>MY SECOND STORY IS ABOUT LOVE AND LOSS.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>I was lucky — I found what I loved to do early in life. Woz and I started Apple in my parents garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4000 employees. We had just released our finest creation — the Macintosh — a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>I really didn't know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down – that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me — I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>I didn't see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>During the next five years, I started a company named NeXT, another company named Pixar, and fell in love with an amazing woman who would become my wife. Pixar went on to create the worlds first computer animated feature film, Toy Story, and is now the most successful animation studio in the world. In a remarkable turn of events, Apple bought NeXT, I returned to Apple, and the technology we developed at NeXT is at the heart of Apple's current renaissance. And Laurene and I have a wonderful family together.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>I'm pretty sure none of this would have happened if I hadn't been fired from Apple. It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don't lose faith. I'm convinced that the only thing that kept me going was that I loved what I did. You've got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don't settle.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>MY THIRD STORY IS ABOUT DEATH.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>When I was 17, I read a quote that went something like: "If you live each day as if it was your last, someday you'll most certainly be right." It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: "If today were the last day of my life, would I want to do what I am about to do today?" And whenever the answer has been "No" for too many days in a row, I know I need to change something.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn't even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor's code for prepare to die. It means to try to tell your kids everything you thought you'd have the next 10 years to tell them in just a few months. It means to make sure everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>I lived with that diagnosis all day. Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I'm fine now.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>This was the closest I've been to facing death, and I hope its the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept:<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>No one wants to die. Even people who want to go to heaven don't want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life's change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960's, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: "Stay Hungry. Stay Foolish." It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>Stay Hungry. Stay Foolish.<br /></span></p><p><span style='color:black; font-family:Tahoma; font-size:10pt; background-color:white'>Thank you all very much.<br /></span></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-25645344914220845512011-09-25T06:38:00.001-07:002011-09-25T06:38:48.341-07:00Black money invested in share<span xmlns=''><p><br /> </p><p><span style='font-size:12pt'>Money earned by illicit red sandalwood trade and hooliganism have been diverted into share-market to make the money white. Different groups are engaged in the laundering process, said Rajendra Khetan, a lawmaker and businessmen. Speaking at a parliamentarian Public Accounts Committee under Legislature Parliament, he said that the vicious circle of money laundering has emerged to cheat revenue and wash black money to white. "Money earned from illegal sources is deposited in banks which later invested in share and ultimately that money used to strengthen illegal business," he said.<br /></span></p><p><br /> </p><p><span style='font-size:12pt'>Banks should follow certain customer identification procedure for opening of accounts and monitoring transactions to stop the money laundering process, he said. The Nepal Rastra Bank should introduce the Know Your Customer (KYC) guidelines at the earliest, he added. "The KYC guideline will help end money laundering by illegal traders." In the programme, officials from Nepal Rastra Bank pledged to abide by the directives which will be received from the parliamentarian committee. "Controlling illegal money from deposit is challenging," deputy governor at the central bank Gopal Kafle said, adding that the central bank will initiate the process to control such trends.<br /></span></p><p><br /> </p><p><span style='font-size:12pt'>"The central bank is putting its effort to control money laundering," he said. Currently, Financial Information Unit under the central bank is carrying out activities to curb money laundering. Financial Information Unit is an agency responsible for receiving, processing, analysing and disseminating financial information and intelligence on suspected money laundering and terrorist financing activities, deputy governor Kafle said. The central bank is committed to end money laundering by strengthening its monitoring capacity, he pledged.<br /></span></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-47714089060401829442011-09-05T09:23:00.001-07:002011-09-05T09:23:24.978-07:00NTC planning to launch Apple iphone 4 (8GB) @ Rs 15,000 Only!!<span xmlns=''><p style='text-align: center'><a href='https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-pCrxRePPOsqfQIk200owBKEG1a0tnn5vF9XCqoqFTnjXnM2Ypcb_9yzoOcFq-DzFlwnPLHLUzRa0nT_OkITJB4Ae0JF3NkHl45rLU4omoIfdImvduWCRvddVw1c4ZC8ploQqFkb9b8Y/s1600/iPhone_NTC.jpg'><span style='color:#cc3300; font-family:Arial; font-size:10pt; background-color:#c0a154'><br/></span></a><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'><br /> </span></p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Hi friends, you guys must have heard that Nepal Telecom is bringing iPhone 4 (8GB) to Nepal on contract. It seems to me interesting since I am an iphone developer and most of my friends are also excited about having iphones with cheap affordable price.<br /></span></p><p style='text-align: justify'><span style='color:#333333; font-family:Arial'><span style='font-size:10pt; background-color:#c0a154'><br/></span><span style='font-size:18pt; background-color:#c0a154'><strong>NTC and Apple Agreement</strong></span><span style='font-size:10pt; background-color:#c0a154'><br /> </span></span></p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Once, NTC has tried to bring Blackberry Mobile to Nepal with it <a href='http://learninprogram.blogspot.com/2011/02/blackberry-development-in-mac.html'><span style='color:#cc3300'>BES</span></a> server integrated with ntc Carrier. But it failed due to lack of our carrier security and probably poor quality of signal strength of Nepal Telecom at that time.<br/><br/>After the failed attempt to bring Blackberry Mobile, largest telecommunication company of Nepal, NTC (Nepal Telecom Authority) is planning to introduce iPhone 4 (8GB) for Rs15000 (200$). According to the source, Apple and NTC have already signed the agreement for this process and it may be available within this year if everything goes fine.<br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Since we know that 16GB and 32GB iPhone are at high price, iPhone 4 with 8GB memory will be introduced by NTC for its customers. Some weeks ago Apple have announced that they will be introducing iPhone with less memory for promoting developing countries like Nepal to increase its market share. <br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>According to NTC Plan, to get an iPhone , subscriber have to sign a 2year contract with NTC and pay Rs15000 to get iPhone. NTC will be selling this iPhone after locking the "NTC" carrier within the device. This scheme is most popular on different countries like in USA, where AT&T, Verizon sells carrier locked iphones on 2 year contract basis to their costumers.<br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Currently the price of iPhone 4 16GB is Rs55000+ in Nepali market, Rs 15000 for iPhone its not only cool but awesome. I am looking forward for development of Apple product and iOS in Nepal.<br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Since Apple iphone is pretty cool gadgets for youngsters and business people it will definitely take great market share. I will be the first one to have it as soon as it arrives.<br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='color:#333333; font-family:Arial'><span style='font-size:18pt; background-color:#c0a154'><strong>Challenges for NTC</strong></span><span style='font-size:10pt; background-color:#c0a154'><br /> </span></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>The iphone is very sophisticated smart phone which uses high speed internet and great carrier services. In short, to maintain the quality standard with smart phone, the carrier service and other services like 3G, GPRS, etc also should be great and meet the standard. Following might be challenges for NTC:<br /></span></p><ol><li><div style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Enhance the Carrier strength even in the time of LoadShedding. (I hate "Error In Connection" Message by the way)<br /></span></div></li><li><div style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Provide high speed internet service, 3G and GPRS all over the country (not only inside Ring Road area). ( At Least must be competitive with NCell customers in terms of both data plan and service plan).<br /></span></div></li></ol><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>These are some basic feedback for NTC to enhance its service. If you guys have any feel free to add one in comment. I will add them in list.<br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='color:#333333; font-family:Arial; font-size:10pt; background-color:#c0a154'>Thanks for reading and happy sharing. Hope within a year, all interested iPhone fans would be using iPhone for entertainment and calls.<br /></span></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-36764825568571194682011-08-24T03:15:00.001-07:002011-08-24T03:15:17.321-07:00Registration opens for “know the future” program<span xmlns=''><p><br /> </p><div><table border='0' style='border-collapse:collapse'><colgroup><col style='width:89px'/><col style='width:404px'/></colgroup><tbody valign='top'><tr><td style='padding-top: 3px; padding-bottom: 1px; padding-right: 8px'><p><span style='color:#999999; font-family:Times New Roman; font-size:16pt'><strong>Time</strong></span></p></td><td style='padding-top: 3px; padding-bottom: 1px'><p><span style='font-family:Times New Roman; font-size:10pt'>10 September · 11:00 - 15:00</span></p></td></tr><tr><td style='padding-top: 5px; padding-bottom: 5px' vAlign='middle' colspan='2'><p> </p></td></tr><tr><td style='padding-top: 3px; padding-bottom: 1px; padding-right: 8px'><p><span style='color:#999999; font-family:Times New Roman; font-size:16pt'><strong>Location</strong></span></p></td><td style='padding-top: 3px; padding-bottom: 1px'><p><span style='font-family:Times New Roman; font-size:10pt'>Inderni Complex,<br /></span></p><p><span style='font-family:Times New Roman; font-size:10pt'>New Baneshwor, Kathmandu, Nepal</span></p></td></tr><tr><td style='padding-top: 5px; padding-bottom: 5px' vAlign='middle' colspan='2'><p> </p></td></tr><tr><td style='padding-top: 3px; padding-bottom: 1px; padding-right: 8px'><p><span style='color:#999999; font-family:Times New Roman; font-size:16pt'><strong>Created by:</strong></span></p></td><td style='padding-top: 3px; padding-bottom: 1px'><p><a href='http://www.facebook.com/ncasa.page'><span style='color:#3b5998; font-family:Times New Roman; font-size:10pt'>Nepal Chartered Accountant Students' Association (NCASA)</span></a></p></td></tr><tr><td style='padding-top: 5px; padding-bottom: 5px' vAlign='middle' colspan='2'><p> </p></td></tr><tr><td style='padding-top: 3px; padding-bottom: 1px; padding-right: 8px'><p><span style='color:#999999; font-family:Times New Roman; font-size:16pt'><strong>More info</strong></span></p></td><td style='padding-top: 3px; padding-bottom: 1px'><p><span style='font-family:Times New Roman; font-size:10pt'>This will be the program to confront all the CA students to what the Future has in store. The bests in the business will be sharing their ideas and views.. The basic idea is to call the renowned CAs from differnt sector (like entrepreneurship, policy making, audit practice, etc) and share their ideas which will give students their future prospects and possibilities. NCASA's Executive Committee's handover/takeover will also be done in the same event.</span></p></td></tr></tbody></table></div><p><br /> </p><p><span style='font-size:12pt'><strong>Note : registration is compulsory, entrance not allowed without registration..<br /></strong></span></p><p><br /> </p><p>Registration link<br /></p><p>http://www.facebook.com/l.php?u=https%3A%2F%2Fspreadsheets.google.com%2Fspreadsheet%2Fviewform%3Fformkey%3DdHdhVHZfS2pYblM3UmZJaEtmQTNZM1E6MQ&h=dAQDdLvkvAQA5DwGuda-xyKYHVYybOhAtADeEOS6bFdk_Vg</p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-60141172977278128202011-07-21T04:08:00.001-07:002011-07-21T04:08:25.313-07:00Volunteers required for Nepal Chartered Accountancy Students Association (NCASA)<span xmlns=''><p><span style='font-size:16pt'><strong>Dear all,<br /></strong></span></p><p><span style='font-size:14pt'>NCASA is soon organizing one major students program. For the same reason NCASA needs energetic Volunteers for the success of this program. Although this is program for everyone in past we have experienced low participation from Foundation (CAP I) and Intermediate (CAP II). So we highly encourage Foundation (CAP I) and Intermediate (CAP II) students to come up and show their leadership. The program will be followed by NCASA elections and Volunteers doing very well will be surely recommended for Council member position.<br /></span></p><p><span style='font-size:14pt'>Willing students can contact <br /></span></p><p><span style='font-size:14pt'>Pasang Lama<br /></span></p><p><span style='font-size:14pt'>Asst. Program Co-coordinator<br /></span></p><p><a href='mailto:pasang.paxton@gmail.com'><span style='font-size:14pt'>pasang.paxton@gmail.com</span></a><span style='font-size:14pt'><br /> </span></p><p><span style='font-size:14pt'>Mobile 9851114835<br /></span></p><p><br /> </p><p><br /> </p><p><br /> </p><p><span style='font-size:12pt'><strong><br /> </strong></span> </p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-85917374168845625762011-04-09T22:55:00.001-07:002011-04-09T22:55:53.667-07:00Sebon holds interaction on ratings biz<span xmlns=''><div><table border='0' style='border-collapse:collapse'><colgroup><col style='width:630px'/></colgroup><tbody valign='top'><tr><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: none; border-right: none' vAlign='middle'> </td></tr><tr><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: none; border-right: none' vAlign='middle'> </td></tr><tr><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: none; border-right: none' vAlign='middle'><p style='text-align: justify'><span style='color:gray; font-family:Garamond; font-size:12pt'><strong>06, Apr 2011</strong></span></p></td></tr><tr><td style='padding-top: 1px; padding-left: 1px; padding-bottom: 1px; padding-right: 1px; border-top: none; border-left: none; border-bottom: none; border-right: none' vAlign='middle'><p style='text-align: justify'><br /> </p><p style='text-align: justify; margin-left: 15pt'><span style='font-family:Garamond; font-size:12pt'>Participants at an interation programme on modalities for credit rating agencies, which the capital market regulator is planning to allow in the country, suggested to introduce provisions to penalise deliberate manipulation of ratings by crediy rating agencies. "The rating agencies' credibility is of utmost importance and the regulation will make sure that agencies' interests do not reflect in their ratings," said Dr Shurbir Poudel, chairman of Securities Board of Nepal (Sebon) at the programme.<br /></span></p><p style='text-align: justify; margin-left: 15pt'><span style='font-family:Garamond; font-size:12pt'>"The provision for penalty can be subject to changes thus it will be mentioned in the directives not in the proposed Act," he said, adding that the operation of these agencies will improve corporate governance in the listed companies. Presence of these agencies will also ensure that companies are not able to raise money from public if they are not credible enough. "We can hope that establishment of credit rating agencies will make the companies more responsible and improve their governance," Poudel added. The proposed regulation will make credit rating mandatory for the companies that want to tap the capital market for funds.<br /></span></p><p style='text-align: justify; margin-left: 15pt'><span style='font-family:Garamond; font-size:12pt'>Any company that plans to issue corporate debentures or preferential shares needs to get itself rated by a credit rating agency, according to the draft prepared by the capital market regulator. Also, it is mandatory for the company that is issuing bonus and right shares exceeding Rs 100 million in value to get themselves rated, the draft says. The draft also has provisions for any individual borrower that needs to borrow over Rs 100 million from banks and financial institutions to get their credit ratings done. The regulation will also open up partnerships with foreign credit rating agencies. A foreign credit rating agency can own 25 per cent to 75 per cent equity in the credit rating agency. "As credit rating agency is a novel concept, it is better if the agencies can be established in partnership with foreign credit rating agency so that agencies in Nepal can take benefit of their expertise," he informed.<br /></span></p><p style='text-align: justify; margin-left: 15pt'><span style='font-family:Garamond; font-size:12pt'>"There are companies that score well in fit and proper test despite being troubled thus credit rating agencies need to look beyond such covers," said Nepal Rastra Bank (NRB) director Bashudev Adhikari. He also pointed out that the minimum limit set for mandatory credit rating should be brought down to include rating of IPOs of regional development banks and finance companies. The participants also emphasised on the need of clarifying the indicators on which credit rating agencies will rate the companies in order to remove any distortions or ambiguities in the future and their credibility can be intact.<br /></span></p><p style='text-align: justify; margin-left: 15pt'><span style='font-family:Garamond; font-size:12pt'>"The credit rating fee should be subject to competition. Therefore, there is no need to mention in the proposed Act. Moreover, in case of large IPOs, even a small rate as fee is really a big amount for the exercise, said Dipak Raj Kafle, former chairman of Sebon. Based on the financial indicators of a company or an individual, the rating agencies rate their credit worthiness and financial soundness. The ratings help layman investors to decide for themselves whether or not to be involved with that particular company, along with helping the banks and financial institutions in making decision regarding lending to the company.</span></p></td></tr></tbody></table></div></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-31131127188929325342011-01-19T07:46:00.001-08:002011-01-19T07:46:54.435-08:00NCASA -notice<span xmlns=''><p><span style='font-family:Preeti'><strong><span style='font-size:20pt'> </span><span style='font-size:15pt'> <br /></span></strong></span></p><p style='margin-left: 288pt'><span style='font-family:Preeti; font-size:15pt'><strong> ldlt @)^&÷!)÷)%<br /></strong></span></p><p style='margin-left: 288pt'><br /> </p><p style='text-align: center'><span style='font-family:Preeti; font-size:22pt'><strong>g]kfn rf6{8{ PsfpG6]G6\;\ ljBfyL{ P;f]l;P;gsf] lj1KtL<br /></strong></span></p><p><br /> </p><p><br /> </p><p style='text-align: center'><span style='font-family:Preeti; font-size:18pt'>ljifoM ;+;f]lwt lgodfjnL k|lt uDeL/ cfklQ<br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='font-family:Preeti; font-size:15pt'>g]kfn rf6{8{ PsfpG6]G6\;\ lgodfjnL ;+;f]wg kl5 ;LP ljBfyL{ / cGo ljZj ljBfnoaf6 ;LP cWoogdf k|j]z u/]sf ljBfyL{ jLr e]befj u/]sf]df o; P;f]l;Pgsf] Wofgfsif{0f x'gsf ;fy} ;+;f]lwt lgodfjnL k|lt P;f]l;P;g uDeL/ cfklQ k|s6 ub{5 . <br /></span></p><p style='text-align: justify'><span style='font-family:Preeti; font-size:15pt'>;+;f]lwt lgodfjnLsf] lgod*-@_ df s'g} klg :gfts txaf6 Sofk @ df egf{ x'g] ljBfyL{n] ;f]em} cfl6{snlzk ug{ kfpg] t/ ;LP cWoog/t ljBfyL{n] Sofk @ kf; u/] kl5dfq cfl6{snlzkug{ kfpg] e]befj k'0f{ Aoj:yf ePsf]n] of] P;f]l;Pg 3f]/ cfklQ hgfpb} o:tf] k|fjwfg cljnDa vf/]h ug{ hf]8bf/ dfu ub{5 . pQm k|fjwfgn] ef]lnsf lbgdf n]vfkl/If0f h:tf] dof{lbt k]zfdf lgDg gsf/fTds c;/ kg]{;d]t cjut u/fpb5 . <br /></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify; margin-left: 18pt'><span style='font-size:15pt'><span style='font-family:Preeti'>!= ;LP cWoogsf] d]?b08sf ?kdfdflgg] </span><span style='font-family:Times'>Articleship Training </span><span style='font-family:Preeti'>sf] u'0f:t/ k'0f{ ?kdf v:sg] . <br /></span></span></p><p style='text-align: justify; margin-left: 18pt'><span style='font-family:Preeti'><span style='font-size:15pt'>@= </span><span style='font-size:14pt'>ahf/df ;LP kmd{sf] ;Lldttfn] ubf{ </span></span><span style='font-size:14pt'><span style='font-family:Times'>Articleship Training </span><span style='font-family:Preeti'>df uDeL/ ;d:of pTkGg x'g] / ;LP cWoog/t ljBfyL{n] cGo ljBfyL{;+u cgfjZos k|ltZkwf{ ug'{ kg]{ cj:yf cfpg] ePsfn] ahf/df </span><span style='font-family:Times'>Articleship Training </span><span style='font-family:Preeti'>ug]{ ljBfyL{ k|ltsf] b[li6sf]0f k'0f{ ?kdf v:sg] . <br /></span></span></p><p style='text-align: justify; margin-left: 18pt'><span style='font-family:Preeti; font-size:15pt'>#= Sofk ! / Sofk @ df cWoog/t ljBfyL{x? k'0f{df lg?T;lxt x'g] . <br /></span></p><p style='text-align: justify; margin-left: 18pt'><span style='font-family:Preeti; font-size:15pt'>$= Sofk ! / Sofk @ df ljBfyL{ egf{ x'g grfxg] k|j[lQ a9\g] x'gfn] ljBdfg ;LP lzIffsf] z}lIfs k|0ffnL wf/f;oL x'g] / ;LPdf x'g' kg]{ u'0f:t/ v:sg] . <br /></span></p><p style='text-align: justify; margin-left: 18pt'><span style='font-size:15pt'><span style='font-family:Preeti'>%= cfSofgn] cGo b]zsf ;LP O{lG6Ro'6;+u </span><span style='font-family:Times'>Mutual Recognition Agreement (MRA) </span><span style='font-family:Preeti'>ug{ nflu/x]sf] a]nf o:tf] lgodfjnL ;+;f]wgn] </span><span style='font-family:Times'>MRA </span><span style='font-family:Preeti'>nfO{ uDeL/ c;/ kfg{ ;Sg] . <br /></span></span></p><p style='text-align: justify'><br /> </p><p style='text-align: justify'><span style='font-family:Preeti; font-size:15pt'>To;sf/0f ;LP ljBfyL{nfO{ e]befjug]{ pQm k|fjwfg nfu' gu/L cljnDa vf/]h ug{ dfu ub}{ n]vf Aoj;fosf] ;Ddfg / ;LP lzIffsf] u'0f:t/Lotfsf nflu of] P;f]l;P;g h:tf] ;'s} cfGbf]ng ug]{ r]tfjgL;d]t lbG5 . ;fy} pQm k|fjwfg vf/]h geP ;Ddsf nflu o; O{lG6Ro'6sf] ljBfyL{ btf{ zfvf aGb u/fPsf] hfgsf/L u/fpb5 .</span></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-13804239944061346562010-12-26T11:45:00.001-08:002010-12-26T11:50:26.295-08:00Website launched<!-- Codes by HTMLcodes.me --><br /><marquee behavior="alternate" direction="left">Official website of ncasl.blog lauched today</marquee><br /><p><a style="font-size:11px;color:#999;" href="http://www.htmlcodes.me">Free HTML codes</a></p><span xmlns=''><p>Official website of ncasl.blog is launched today for ease to share documents and one click download of word, excel, pdf and image files.<br /></p><p>I will work hard to make the website more attractive day by day..<br /></p><p>Please visit <a href='http://www.ncasl.99k.org'>www.ncasl.99k.org</a><br /> </p><p>Author <br /></p><p>Pasang<br /></p><p><br /> </p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-90252380851266151212010-12-13T06:31:00.001-08:002010-12-15T09:25:31.691-08:00Option C<!-- HTML codes by Quackit.com --><br /><marquee behavior="scroll" direction="left">As per IRD circular dated 14th Dec 2010 Option A Wins Hurray!!!!</marquee><br /><p><a href="http://www.quackit.com/html/codes/html_marquee_code.cfm">Marquee</a></p><br /><br /><span xmlns=""><p><span style="font-size:12pt">Mr. Babu Raja has total income from employment of Rs.25, 10,000<br /></span></p><p><span style="font-size:12pt"> 1st Rs.200,000 2,000.00 (1%)<br /></span></p><p><span style="font-size:12pt"> Next Rs.100,000 15,000.00 (15%)<br /></span></p><p><span style="font-size:12pt"> Balance 22,10,000 552,500.00 (25%) <br /></span></p><p><span style="font-size:12pt"> Tax Liability before Additional Tax 5,69,500<br /></span></p><p><span style="font-size:12pt"> Additional Tax @ 40% 227,800<br /></span></p><p><span style="font-size:12pt"> Total Tax Liability 7,97,300.00<br /></span></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-57433325074990441032010-12-12T07:58:00.001-08:002010-12-13T02:53:33.863-08:00Right or wrong which option you choose..<span xmlns=""><p><br /></p><p><br /></p><p><span style="font-family:Times New Roman"><strong>A.<br /></strong></span></p><p><span style="font-family:Times New Roman">For example Mr. Babu Raja has taxable income of NRs. 2,510,000 for the year 2067/68. The tax shall be levied as follows if Mr. Babu Raja elected to be a couple:Basic Limit 200,000.00 1% 2,000.00First Limit 100,000.00 15% 15,000.00Balance 2,210,000.00 25% 552,500.00Additional tax as be Finance Ordinance 2067 40% 1,000.00 (10,000*25%*40%)Total Tax 570,500.00<br /></span></p><p><br /></p><p><span style="font-family:Times New Roman">Or<br /></span></p><p><span style="font-family:Times New Roman"><strong>B.<br /></strong></span></p><p><span style="font-family:Times New Roman">Mr. Babu Raja has taxable income of NRs. 2,510,000 for the year 2067/68. The tax shall be levied as follows if Mr. Babu Raja elected to be a couple:Basic Limit 200,000.00 1% 2,000.00First Limit 100,000.00 15% 15,000.00Balance 2,210,000.00 25% 552,500.00Additional tax as be Finance Ordinance 2067 40% 2,21,000 (22,10,000*25%*40%)Total Tax 7,90,500.00<br /></span></p><p><br /></p><p><span style="font-family:Times New Roman">As per exact application of Act option B is correct but as per the logical thinking A Should be correct answer What do you think?<br /></span></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com1tag:blogger.com,1999:blog-7533154259620865455.post-88268653417761808582010-12-11T08:20:00.001-08:002010-12-11T08:20:41.031-08:00Major Changes by Finance Ordinance 2067 In Income Tax Act, 2058<span xmlns=''><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>Major Changes by Finance Ordinance 2067</strong><br /> </span></p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong> In Income Tax Act, 2058</strong><br /> </span></p><p> <br /> </p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>1. Definition of Tax - Section 2 (dha), Amendment</strong><br /> </span></p><ul><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Tax means the tax imposed under this Act. The term includes the following payments:Amounts to be paid under Section 90 by advance tax deducting (withholding) persons or by tax-deductible persons (withholdees), or amounts to be paid under Section 94 by persons making payments in installments or amounts to be paid under Section 95 (ka) by the person required to pay advance tax or amounts to be paid according to tax assessments made under Sections 99, 100 and 101. – Dha (2), Change Highlighted<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>2. Definition of Non Business Taxable Asset - Section 2 (da), Amendment</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Non-Business Taxable assets mean lands, buildings and interest in any entity, or securities, other than the following assets:Land and private house of a natural person which has been disposed of at a price of less than 30 lakhs rupees (it was 50 lakhs previously).<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Clarification: Private house means house and the land surrounding the house or one ropani of land whichever is lower. – Da (3) <br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>3. General Interest Rate - Section 2 (kaba)</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>General interest rate shall be 15 percent (it was 10 percent previously)<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>4. List of the Exempt Amount - Section 10 (chha), Addition</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>The following amounts shall be exempt from tax:Amounts earned by the Nepal Stock Exchange Board according to its objectives. Chha (4)<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>5. Provisions related to Business Exemptions and Concessions - Section 11 Subsection 3, Amendment/Addition</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Tax shall be imposed as follows on income made by a person from any special industry in an income year:<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. In case any special industry is operated in a very-undeveloped, undeveloped or underdeveloped area, tax shall be imposed at the rates of 10, 20 and 30 percent (it was 50, 70 & 75 percent previously) respectively of the rates otherwise applicable, for ten years including the year in which the industry started its operation. – 3 (kha), Amendment<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>b. Person involved in the exploration and extraction activities of the petroleum and natural gases shall get full tax exempt for first 7 years and 50 of the tax rebate for next 3 years if the commercial production starts within Chaitra 2075. – 3 (3kha), Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>c. Industry established in the remote area shall avail facility of the full tax exemption for 10 years from the year of the establishment. - 3 (3kha), Removed<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>d. Industry conducting business related to software development, data management, cyber café, digital mapping established in Technology Park, Biotech Park and information & Technology Park as specified in the Nepal Gazette shall obtain rebate of 50 percent of the applicable tax rate. (rebate was 25 percent on the similar industry before). - 3 (3gha), Amendment<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>e. In case of export of the goods produced by the manufacturing industry tax rebate of 25 percent on applicable the tax rate shall be provided. - 3 (3gna), Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>f. Tax rebate of 40 percent on the applicable tax rate shall be provided on the income earned from the establishment and operation of the road, bridge, airport, tunnel road or from the investment in and operation of tramp and trolley bus. - 3 (3cha), Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>g. Industry involved in manufacturing, tourism services industry, hydropower generation, transmission and distribution and those specified in Section 11 (3gha) if listed in the security exchange market then they shall avail tax rebate of 10 percent of the applicable tax rate. - 3 (3chaa), Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>h. Industry established in very-undeveloped area producing wine, brandy or slider consuming the locally produced fruits shall be provided tax rebate of 40 percent for 10 years from the year of the start of the production. - 3 (3jha), Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>i. Royalty earned from the export of the Intellectual property shall avail tax rebate of 25 percent of the applicable tax rate. - 3 (3jhaa), Addition<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>j. Income earned through sale of Intellectual property by way of transfer shall avail tax rebate of 50 percent of the applicable tax rate. - 3 (3aya), Addition<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>6. Valuation of the Trading Stock – Section 15, Amendment</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>While calculating the cost of trading stock, the following method shall be followed:<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. In case it is not possible to calculate the trading stock of the business of a person, he may make a choice between the first-in-first-out method and the weighted average-cost method to calculate the trading stock of the business. - Subsection 6<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>b. Calculation to be made according to the weighted average- cost method shall be made as per the generally- accepted principles of accounting under which the cost of a particular type of trading stock is calculated as the weighted average cost of all trading stock of that type in the business. – Subsection 8 (ka)<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>7. Provision relating to the carry forward of the loss from a Investment - Section 20, Amendment/Removal</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. A person may calculate the income made by him from an investment in an income year by deducting any unrelieved loss of the year incurred by him and any unrelieved loss of the previous seven years incurred by the person from that and any other investment.- Subsection 2, Removed<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>b. Any person has receiving full tax concession (or partial concession previously) in any income from business or investment in any income year, loss of such income year will not allow to carry forward in following years. – Subsection 8, Amendment<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>8. New provision of the facilities for the disposal of assets and liabilities during the merger and acquisition of the banking and insurance business – Section 47, Addition</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>I. Institution involved in the similar type of business activities either in basking business or insurance business decide to merge through merger or acquisition then the provisions of the Section 59 Subsection 2 – ka, kha, gha,gha, cha, chha & Subsection 3 shall not apply to it. Section 57 (2) relates to Changes in Control. – Subsection 1<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>But the accumulated loss of the institution which losses its existence after loss shall be allowed for deduction on equitable (damashahi) basis for the period of seven years. However, so merged institution decide to re-separate before complete deduction of the accumulated loss is required to pay tax on the amount allowed as deduction at the rate applicable on the date of merger through merger or acquisition.<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>II. The disposal of the assets and liabilities of the so merged institution shall be as follows: - Subsection 2 <br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. Disposal of trading stock and business assets (Ka)i. Net expenses incurred on the assets just prior to the disposal shall be assumed to the received by the person disposing the assets.ii. Amount as specified above shall be assumed to the cost of the assets to the person acquiring it.<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>b. Disposal of the depreciable assets (Kha)i. Depreciated value as per Section 4 of the Schedule -2 is assumed to be receipt on the disposalii. Amount as specified above shall be assumed to the cost of the assets to the person acquiring it.<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>c. Disposal of Liabilities (Ga)i. Market price of the liabilities or the net income just prior to the disposal shall be assumed to be paid by the person disposing the assets.ii. Amount as specified above shall be assumed to the received by the person accepting the liabilities.<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>d. Institution formed after the merger or acquisition shall treat the cost of the assets or liabilities in existence just prior to the merger or acquisition as acquired for the purpose of calculation a, b & c above. (Gha)<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>III. Bulk payment for Group retirement to the staffs of the institution loosing existence after merger or the institution in existence after merger shall be allowed tax rebate of 50 percent of the advance tax deducted at the time of such payment. But payment through retirement fund or received as per the provisions of the personnel manual of the institution shall not avail such facility. – Subsection 3<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>IV. Capital gain tax shall be waived on the transfer of the shares through sale by the shareholders in existence just after the merger for the period of 2 years after the merger. – Subsection 4<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>V. Dividend tax shall be waived to the dividend declared within 2 years of merger in case of the shareholders in existence just after the merger. – Subsection 5<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>VI. The intention letter of merger shall be forwarded to the Inland revenue Office with 2068 Kartik end. – Subsection 6<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>VII. The process of the merger shall be completed by Kartik end 2070. – Subsection 7<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>VIII. The institution not forwarding the intention letter or not completing the merger process within the specified time period shall not avail the facility under this Ordinance. - Subsection 8<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>9. Definition of Department - Section 72, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>For the purpose of assisting the Department in fulfilling its responsibilities mentioned in this act GoN may by notification in the Nepal Rajapatra, establish Large Taxpayer Offices or Inland Revenue Offices or taxpayer service offices under the Department and prescribe the jurisdiction of those offices. The offices with jurisdiction prescribed in that manner shall be recognized as part of the Department. Subsection 2, Change Highlighted<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>10. Tax Deductions While Paying Investment Returns and Service Fees – Section 88,</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Tax shall be levied at the rate of 10 percent on the profit and gain on the transaction under Commodity Future Market. – Subsection 1(6), Removed. Placed in Section 95 (ka)<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>11. Change to the Tax Deductions While Paying for Contracts or Agreements to the non-resident person – Section 89</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>10 percent tax shall be withheld on payment under the contracts or agreements related to Service with a non-resident – Subsection 3(ka), Removed.<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>12. Tax deduction on gain from disposal of an interest holding by resident entity – Section 89 (ka)</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Section 89 (ka) ka & kha relating to tax deduction on gain from disposal of an interest holding by resident entity by a person. - Ka & Kha, Removed. Placed in Section 95 (ka)<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>13. Extension of the timeline of the deposit of advance tax withheld – Section 90</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Advance Tax withheld during the month shall be deposited within twenty five days of the following month. The period was within 15 days of the following month previously. Subsection 1, Amendment<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>14. Chapter – 18, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Phrase "Advance Tax" has been added to the title of the Chapter -18. The title is "Installment and Advance Tax" after revision.<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>15. Recovery of Advance Tax - Section 95 (ka), Additions</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>I. Organization involved in the providing services related to the Commodity Future Market is required to withhold tax at the rate of 10 percent on the profit and gain earned on the transaction by person involved in the business of the Commodity Future Market. – Subsection 1<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>II. Tax on gain calculated as per Section 39 from the disposal of the interest in the entity by the person other than those organization dealing in the security under the law enforce shall be withheld as follows: – Subsection 2<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. In case of the Organization with its securities traded in the stock exchange, the organization involved in the securities business shall withheld tax at the rate of 10 percent in case of natural resident person and 15 percent in case of others. (Ka)b. In case of the Organization whose securities are not traded in the stock exchange, the organization whose securities is disposed off shall withheld tax at the rate of 10 percent in case of natural resident person and 15 percent in case of others. (Kha)<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>III. Tax should be deducted at the Land revenue Office on capital gain on the disposal of land and building on the following basis. – Subsection 3<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. If the ownership of the disposed Land or Land and building is 5 years or more, 5 percent. (Ka)b. If the ownership of the disposed Land or Land and building is less than 5 years, 10 percent. (Kha)<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>IV. Advance tax is assumed to be withheld as per the provisions of the act irrespective of the status of actual collection. – Subsection 4<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>V. Advance tax so withheld should be deposited within 25 days of the following month as per the procedures specified in the Act. – Subsection 5<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>16. Fees to be imposed in the Event of Failure to Keep Documents or Submit Particulars or Returns of Income – Section 117, Addition</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Fine at the rate of 1.5 percent for the month or part of the month shall be imposed if the person requiring depositing advance tax withheld as per Section 95(ka) is not done. - Subsection 1 (kha)<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>17. Interest to be Charged in Case Those Paying Tax in Instalments Pay a Lower Amount as Estimated Tax - Section 118, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>90 percent (80 percent previously) of the estimate or revised estimate, if it is correct, of total amount payable as the installment of tax for each installment period for the year, and in the case where the estimate or the revised estimate is not correct, of the amount payable by the person referred to in Section 3(a) and (b) as the installment of taxin each instalment period. – Subsection 1(kha)<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>18. Interest to be charged In the Event of Failure to Pay Tax – Section 119, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Interest payable by an advance tax deducting person due to his failure to comply with Sub-Section 8 of section 95 ka or Sub-Section 4 of Section 90 may not be realized by him from the person whose advance tax is deducted. - Subsection 3<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>19. Realization of interest paid due to default of withholder - Section 119, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Interest payable by an advance tax deducting person due to his failure to comply with section 95.Ka(8) and 90.4 may not be realized by him from the person whose advance tax is deducted. – Subsection 3<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>20. Penalty for Aiding and Abetting – Section 121, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>A person who knowingly or recklessly aids or abets another person to commit an offence of a type referred to in this act (previously Chapter 23), or counsels or induces another person to commit such an offence shall be liable for a penalty equal to 100 percent of the underpayment of tax that. Change Highlighted<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>21. Offence of Making False or Misleading Statements – Section 124, Addition</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Clarification<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>For the purpose of this section, a statement made to the Department means the statement filed to the department or filed to the competent authority in the course of fulfilling duty under this act and it shall include the following as well:<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. Application, description, notice, complain, justification or any other document files for the purpose of this act. (Ka)b. Document submitted to the department or the director of the department. (Kha)c. Question asked by the department or the director of the department to any person. (Ga)d. Description provided by the person having information about the return filed through an agent to the department of the director of the department. (Gha) <br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>Changes to Schedule -1 </strong><br /> </span></p><p> <br /> </p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>of Income Tax Act, 2058</strong><br /> </span></p><p> <br /> </p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>Tax Rates</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>1. Additional Tax under 25% slab to the Resident Natural Person – Section 1, Addition<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Resident natural person having taxable income exceeding NRs. 2,500,000.00 shall be charged additional tax at the rate of 40 percent on the tax amount calculated as per clause (ga). –Subsection 1 & 2<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>Example</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>For example Mr. K has taxable income of NRs. 2,510,000 for the year 2067/68. The tax shall be levied as follows if Mr. K elected to be a couple:Basic Limit 200,000.00 1% 2,000.00First Limit 100,000.00 15% 15,000.00Balance 2,210,000.00 25% 552,500.00Additional tax as be Finance Ordinance 2067 40% 1,000.00 (10,000*25%*40%)Total Tax 570,500.00<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>2. Remote Area Allowance - Section 1, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Tax shall be calculated only on residual taxable income remained after subtracting the amount of prescribed remote area allowance not exceeding NRs. 50,000.00 (previously 30,000.00) of an individual residing in a remote area prescribed by GoN. - Subsection 5<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>3. Tax Limit to Small Tax payers – Section 1, Amendment</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Tax to the business as per Section 4 Subsection 4 (if the income and turnover of the business does not exceed the threshold of Rs. 2,00,000 and 20,00,000 respectively) shall be as follows: - Subsection 7<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Area Tax amount (Current) NRs. Tax amount (Previous) NRs.Metropolitan or Sub- Metropolitan Cities 3,500.00 5,000.00Municipalities 2,000.00 2,500.00Other Area 1,250.00 1,500.00<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>4. Facility for Income from Export – Section 1, Amendment</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Natural person earning income from the export during the year shall be taxed at the rate of 15 percent on the 25 percent tax slap. Previously the provision was to tax income at the rate of 20 percent if earned from the export. - Subsection 15<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>5. Clarification – Section 2</strong><br /> </span></p></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Ropeway means ropeway operated for the carriage of goods or persons and it includes cable car as well. - Subsection 3 kha 1<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>Changes to Schedule -2</strong> <strong>of Income Tax Act, 2058</strong><br /> </span></p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>Calculation of Depreciation</strong><br /> </span></p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>1. Facility of Depreciation – Section 3, Addition</strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. If the manufacturing industry invests in the assets generating energy required for self-consumption shall be allowed 50 percent of the assets procured during the year as allowable depreciation for the year. - Subsection 3<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>b. Computerized system of billing through fiscal printer and cash machine then the whole amount expended in the procurement of the assets shall be allowed as depreciation expenses in the same year. Subsection 4<br /></span></li></ul></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-44747198172383203782010-12-11T07:53:00.001-08:002010-12-11T07:53:23.259-08:00Major Changes by Finance Ordinance 2067 In Value Added Tax (VAT) Act, 2052<span xmlns=''><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'> <strong>1. Amendment in list of the Business to be registered to VAT – Section 10(2) – Amendment</strong><br /> </span></p><ul><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'> The business of a person is taxable or is of hardware, sanitary, furniture, electronics, marble, educational consultancy, disco theque, catering service, party palace, parking service, dry cleaners using machine, restaurants with bar and color lab within jurisdiction of the metropolitan, sub-metropolitan, municipality or in area specified by IRD is required to file application for Vat registration in the specified format within 30 days of the effectiveness of the provision or start of business.- Additions Highlited<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'> <strong>2. Search, seizure and deposit – Section 23 (Gha), Amendment</strong><br /> </span></p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'> Seize the bank account of tax payer up to 3 months. But with the prior permission of Director General, bank accounts could be seized for additional 3 months if in case tax assessment procedure not completed. - Gha<br /></span></p><p> <br /> </p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><strong>3. Tax refund from the custom point in case of Re-export - Section 25(b) - Addition </strong><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Based on the proof of the re-export of the goods, Vat kept as deposit at the custom point to the extent of re-export shall be refunded from the specified custom point.<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>4. Fine in case of use of defective Software for Computerized billing– Section 29 (1Tha) – Addition<br /></span></li><li><div><span style='color:#333333; font-family:Tahoma; font-size:8pt'>If taxpayers have obtained approval to use the computer billing system uses the software system with the facility of the deletion and modification shall be imposed fine of NRs. 5 lakhs.<br /></span></div><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><span style='text-decoration:underline'><strong>Changes to Schedule 1 of VAT Act, 2052</strong></span><br /> </span></p><p><span style='color:#333333; font-family:Tahoma; font-size:8pt'><span style='text-decoration:underline'>Vat Exempt Goods</span><br /> </span></p></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Group 3: Live Animals and animal products – Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Metal barrel, sheet to control Queen Bee, bee brush, main hive roller, gear pump & wheel place and machine of bee keeping business, honey purifier and liquid purifier etc imported for bee keeping activities. – 3 (b)<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Group 5: Medicine, Medical and Similar Health services – Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. Plastic of blood, transfusion set, testing kits, reagent & blood testing, reagent building equipment & chemicals imported in Nepal by Nepal Red Cross Society.- 5 (b) <br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>b. Equipment used for treatment of kidney related disease. – 5(gna)<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>c. Equipment (heading 90.18 and 90.27) used by pharmaceutical industries and hospital for research and development on the recommendation of Drug department. – 5 (cha)<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>d. Raw materials used to produce intraocular lens – 5 (cha), Removed<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Group 9: Passengers and goods transportation services – Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Cargo service for export purpose<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>Group 11: Other goods or services – Addition<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>a. Agricultural product storage facility provided in Cold Storage. – 1<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>b. Reinsurance Business – 3<br /></span></li><li><span style='color:#333333; font-family:Tahoma; font-size:8pt'>c. 50 percent of VAT collected from the vat registered customers on sale of the mustard oil, vegetable ghee, refined eligible oil produced by the national industrialist involved shall be refunded as specified by IRD. However, such facility shall not be availed by the packing industries bulk import of the refined oil and sale of them after packing (refilling) activities. - 21<br /></span></li></ul></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-49008303107614823722010-12-11T07:51:00.001-08:002010-12-11T07:51:34.608-08:00Exams over and new day started with better hope.<span xmlns=''><p>Hmm ICAN's Final December Exams were over Finally. Now, Back to office for work for CAP III Exam the questions of Law and Income Tax were the hardest followed by Audit too.<br /></p><p>However in my case I only appeared for group 2<sup>nd</sup> Exams only as had not taken enough leave.<br /></p><p>Hoping to cope with exams in June 2011 with better preparation.<br /></p><p><br /> </p><p><br /> </p><p><br /> </p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-56356127458726099572010-09-20T09:35:00.001-07:002010-09-20T09:35:55.007-07:00Is internal audit useless in Nepal<span xmlns=''><p><br /> </p><p><span style='font-family:Garamond'>Internal audit is not new in Nepal. But its time that internal audit should be either enriched or made productive or either scrapped. Internal audit in Nepal is mostly done by banks and financial institutions. And in most of cases internal audit is so undermined that it is done side by side with statutory audit. Actually if we go and ask any CEO the importance of internal audit, few will say something. But whatever they say in heart they must be confused themselves and think what does it actually do?.. <br /></span></p><p><br /> </p><p><span style='font-family:Garamond'>Well let me tell you the answer it just an expenditure of bank or financial institutions which get him some points on compliance of Nepal Rastra Bank. There is no case till now that on the basis of internal audit report, Company's cost is reduced or some effective control is achieved. Almost most of control mechanism is brought in by experienced bankers or by imitating each other either by understanding or not.<br /></span></p><p><br /> </p><p><span style='font-family:Garamond'>So its time in Nepal too to create some concrete standard for internal auditing like other countries. Common we can't always look at indian institute and imitate them. Everyone has brain, so do we.<br /></span></p><p><span style='font-family:Garamond'>Otherwise soon there will be a day when internal auditor will be considered a shameless person who does only a repetitive crap thing which disturbs employee and irritate the managers. <br /></span></p><p><br /> </p><p><span style='font-family:Garamond'>Author <br /></span></p><p><span style='font-family:Garamond'>Pasang Lama<br /></span></p><p><br /> </p><p><br /> </p><p><br /> </p><p><br /> </p><p> </p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-89380196571427922912010-09-14T09:58:00.001-07:002010-09-14T10:23:18.394-07:00NRB Circulars 2066/67<p class="MsoNormal">Dear blog readers <o:p></o:p></p> <p class="MsoNormal">I have here uploaded the NRB circulDear blog readers</p><p class="MsoNormal"><o:p></o:p></p> <p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal">I have here uploaded the NRB circulars 2066/67 complete updated in English.ars 2066/67 complete updated in English.<o:p></o:p></p><p class="MsoNormal"><a title="View Circular 66-67 English on Scribd" href="http://www.scribd.com/doc/37429220/Circular-66-67-English" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">Circular 66-67 English</a> <object id="doc_864296927205499" name="doc_864296927205499" height="600" width="100%" type="application/x-shockwave-flash" data="http://d1.scribdassets.com/ScribdViewer.swf" style="outline:none;"> <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf"> <param name="wmode" value="opaque"> <param name="bgcolor" value="#ffffff"> <param name="allowFullScreen" value="true"> <param name="allowScriptAccess" value="always"> <param name="FlashVars" value="document_id=37429220&access_key=key-2ffavjcp7digsx825h89&page=1&viewMode=list"> <embed id="doc_864296927205499" name="doc_864296927205499" src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=37429220&access_key=key-2ffavjcp7digsx825h89&page=1&viewMode=list" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="600" width="100%" wmode="opaque" bgcolor="#ffffff"></embed> </object> </p><p class="MsoNormal"><br /></p><p class="MsoNormal"></p><p class="MsoNormal">You can also download it from here. <o:p></o:p></p> <p class="MsoNormal">Have happy time auditing.<o:p></o:p></p><p></p>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com1tag:blogger.com,1999:blog-7533154259620865455.post-22828328189760893252010-09-11T09:46:00.001-07:002010-09-11T09:46:06.791-07:00Concentrate concentration tips<span xmlns=''><p><span style='font-family:Garamond; font-size:12pt'><strong><br/>1.</strong> You will need to find a place where you can be alone and undisturbed<br/><br/><strong>2.</strong> You can sit crossed legged on the floor if you can or in a chair, as long as you're comfortable<br/><br/><strong>3.</strong> You must sit with your spine erect so you won't have any problems later on<br/><br/><strong>4.</strong> Take a few deep breaths to relax your body<br/><strong><br/>5.</strong> In your mind go through each muscle group and relax them, to do this you simply think about each muscle group from your neck to your feet and just feel them getting relaxed and getting heavy and comfortable. "My chest is relaxing and getting heavy and calm" is something you could use as an inner direction to your mind while you relax.<br/><br/><strong>6.</strong> It is advisable to </span>practice<span style='font-family:Garamond; font-size:12pt'> each exercise daily for more than one week<br /></span></p><p><a name='exercises'/><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>The Exercises</strong><br /> </span></p><p><span style='font-family:Garamond; font-size:12pt'>These concentration exercises will help you gain all that was listed above. So make sure you read them carefully then carry them out. I know you will very surprised by your concentration ability once you've started making your way through these exercises.<br /></span></p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 1</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Take a book and count the words in any paragraph. Count them again to be sure that it was correct. Start with one paragraph and when it becomes easier count all the words on the page. Perform the counting mentally and only with your eyes<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 2</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Count backwards in your mind from 100 to 1<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 3</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Count in your mind from 100 to 1, stopping each 3 numbers, 100, 97, 94 etc<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 4</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Choose an inspiring word or just a simple sound and repeat it silently in your mind for 5 minutes. When it becomes easier, try 10 minutes<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 5</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Take a fruit, apple for example and look at it from all sides. Concentrate and examine it from all angles. Don't think of anything but the apple. Just look at it, see it, smell it and touch it.<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 6</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Same as exercise 5. Only this time you visualise the fruit with your eyes closed. Start again with exercise 5 for 5 minutes and then do exercise 6 with your eyes closed. Try to see, feel, taste and smell the fruit.<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 7</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Take a small simple object such as a spoon, a fork or a glass. Concentrate on it and watch the object from all sides without verbalisation, that is, with no words in your mind. Just watch the object without thinking with words about it<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 8</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Draw a small geometrical figure, about 3 inches in size, such as a triangle, a rectangle or a circle. Paint it with any colour you wish and <strong>concentrate</strong> on it. Only see the figure. Do not think any words, only the figure exists. Watch the figure in front of you and try not to strain your eyes.<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 9</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Same as 8, only this time visualise the figure with your eyes closed. If you forget you can pen your eyes and look at your figure.<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 10</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Same as 9 but with eyes open<br /></span></li></ul><p><br /> </p><p><span style='font-family:Garamond; font-size:12pt'><strong>Exercise 11</strong><br /> </span></p><ul><li><span style='font-family:Garamond; font-size:12pt'>Try for at least 5 minutes to stay without any thoughts<br /></span></li></ul><p> <br /> </p><p><span style='font-family:Garamond; font-size:12pt'><br/>Secret for success is constant practise, more time you dedicate to the exercises the faster it will come. Reading this article on how to concentrate on studies, how to develop concentration and how to determine concentration will have opened your mind more to possiblities and I hope it helps you greatly. Good luck <br /></span></p><p><span style='font-family:Garamond; font-size:12pt'>Pasang Lama (CA Finals)<br /></span></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-28438477502588844402010-09-04T09:13:00.001-07:002010-09-04T09:13:13.949-07:00Final Exams<span xmlns=''><p>As December exams are near, I have too started to worry about my exams.<br /></p><p>I want to know best books which are easy to understand and cover all practical concepts<br /></p><p>For CA final<br /></p><p>MAFA, Advance accounts, and Cost Accounts.<br /></p><p>Please add your comment regarding the books which I should refer.<br /></p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-62172107127972432612010-09-03T11:32:00.001-07:002010-09-03T11:32:47.058-07:00ICAN results how fair??<span xmlns=''><p><strong>QUESTION TO BE ASKED TO MY FELLOW STUDENTS<br /></strong></p><p>How fair do you think ICAN results, if someone has interesting facts please send me in my email id<br /></p><p><a href='mailto:Chungs.lama@gmail.com'>Chungs.lama@gmail.com</a>. We have some controversial results.<br /></p><p>Lets to audit for our own and submit the results with related council member who are responsible for governance <br /></p><p>…</p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0tag:blogger.com,1999:blog-7533154259620865455.post-90118792998560151622010-09-03T11:28:00.001-07:002010-09-03T11:28:47.267-07:00QUESTION TO BE ASKED TO MY FELLOW STUDENTS<span xmlns=''><p>How fair do you think ICAN results, if someone has interesting facts please send me in my email id<br /></p><p><a href='mailto:Chungs.lama@gmail.com'>Chungs.lama@gmail.com</a>. We have some controversial results.<br /></p><p>Lets to audit for our own and submit the results with related council member who are responsible for governance…</p></span>pasang chunda lamahttp://www.blogger.com/profile/13213530851892587240noreply@blogger.com0