Fine and Interest as per Nepal Income Tax Act 2058

chapter 22 Fine and Interest
section	Default	Fine
117	records not kept and non submission of return
	non submission of estimated returns (sec 95)	2000.00
	non submission of final return sec 96-self assessment
	natural person	100 per month
	other person	0.1 % of assesable income or Rs 100 per month whichever higher
	if record not retained for 5 years	0.1 % of assesable income or Rs 1000 whichever higher
	if monthly TDS return not submitted in time	1.5% of amount due for each part of month
118	if estimated tax paid as per sec 94 is below defined limit(80% of actual)	15% (general interest rate for each month upto date of return) on the difference amount
119	if tax not paid in time	15%(general interest rate for each month upto date of non payment)
120	false return filing
	if non voluntary and by mistake	50% of the differential tax
	if voluntary done with malafide intension	100% of differential tax
121	supporting for tax evasion	100% amount of evaded amount
	For More Details
	Contact
	Paxton Accounting Consultancy
	Thamel, Nepal
	Tel :9771 4258070, 4249611
	www.paxton.com.np

Penalty Provisions of Income Tax Act 2058

chapter 23 penalty of Nepalese Income tax Act 2058
section	Default	Fine	Imprisonment
123	No filing of tax returns	5,000 to 30,000	1 to 3 months	or both
124	False retrun filing	40,000 to 160,000	6 months to 2 years	or both
125	unsupportive role in tax department	5,000 to 20,000	1 to 3 months	or both
126	confidencial information leak by tax officer	80000	one year	or both
,,	tax collection by unauthorised persons	80000 to 240000	1 to 3 years	or both
127	supporting for tax evasion by other	50% of sentence to guilty of tax evasion
,,	supporting for tax evasion by tax officer	100% of sentence to guilty of tax evasion
128	no compliance with any provision of Act	5000 to 30,000
	For More Details
	Contact
	Paxton Accounting Consultancy
	Thamel, Nepal
	Tel :9771 4258070, 4249611
	www.paxton.com.np

Strategic management CAPIII December 2011 question paper.

OTP

Maximum Marks - 100

Total No. of Questions - 7

Total No. of Printed Pages -2

Read the following and answer the questions accordingly:

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 investment made was Rs. 30 million out of which 79 percent was foreign direct investment of Indian Batten Company (IBC) and 21 percent was of local shareholders of Nepal. The average annual turnover was Rs. 80 million in 2007. Rs. 110 minion in 2009, and is expected to reach 130 million in 2011. It was making 30% profit on investment ^:n 20J0 and the trend shows gradual 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.

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 lowered and large share of market can be covered. Consolidation- product development, and market penetration strategies are being considered.

The company hired 50 new staff for manufacturing new brand of Batteries: Young Battery. Brave Battery, and Sun light Battery. The company has altogether seven 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 new CEO would craft proper strategy to gain competitive advantage "to become Leader in the industry.

In light of this scenario, answer the following questions:

1. What are the major strengths and weaknesses of this firm'.' Discuss. ^'
   
   1. What strategies should the newly appointed CEO craft to achieve strategic advantage? Suggest the best strategy- tor this firm with sufficient logic,
      

   2 i What is strategic management? Discuss various levels strategy. 3+5=8)
   

   b) Compare an organization s mission with its objectives
   

1. What steps need to be followed to identifv core competencies of a business firm?
   
2. What are the various steps for internal analysis of a firm? 8 7
   

   
   

3. Discuss various elements of the general environment.
   
   1. BCG portfolio matrix is a widely used tool to assess the suitability of strategy. Explain
      

   
   

   a) Define strategy evaluation. Discuss difficulties generally encountered in the process of strategy evaluation. (3+4=7)
   

   b) Explain portfolio analysis and illustrate General Electric Business Screen"

   
   

4. What are the alternative directions of strategic options?
   
5. Explain different techniques of strategic decision making