Yugadi Foundation

A debate is raging of late whether International Non-Government Organizations (INGOs) should be provided with Tax Exemption Certificate or not. Various tax offices seem to have different opinions. Some INGOs did receive their exemption certificate for the fiscal year 2017/18 while many others were denied. Income Tax Act 2058 was first enacted on April 1, 2002.The debate started after some tax officials questioned the eligibility of INGOs for tax exemption. INGOs have been contributing a huge amount of withholding tax and have been submitting financial statements to tax offices all these years. But why is this issue raised now? Why do INGOs need tax exemption certificate? If they are not provided one, does this mean that they have to pay tax on whatever amount remain unspent in the year end? The Act has defined certain social organisations as tax exempt organisations. Those organizations that meets the definition criteria should apply to their nearest Inland Revenue Office in or...

If you are planning to register a NGO of your own and looking for the procedure on how you do it, then you have come to the right place. This will guide you through the whole process of registration in much detail. In order to register a NGO, you must first have a group of 7 Nepali citizens. This group of seven will act as ad-hoc committee prior to establishment of the organization. After registration, the same ad-hoc committee members can act as Board Members or can choose to elect new board members. Once all 7 members have been confirmed, you then have to decide on the name of your NGO. In Nepal, they do not allow you to use English name and hence it should be a Nepali name. In case you chose English name that will be treated as Nepali i.e. if the name of NGO is “Voice of Youth”, this will be written as “भ्वाइस अफ युथ “ . After finalization of name, agree on the official logo and make a design of it ready. Also, decide on which District Administration Office (DAO) you want to...

२०७४ साल भाद्र २० गते लोक सेवा आयोगले  नेपाल बिद्युत प्राधिकरण को आठौँ तह मा चार्टर्ड एकाउन्टेट पदको लागि लिएको परीक्षाको प्रश्नपत्र: लोक सेवा आयोग नेपाल बिद्युत प्राधिकरण,प्रशाशन, लेखा, चार्टर्ड एकाउन्टेसी, आठौँ, चार्टर्ड एकाउन्टेट पदको प्रतियोगितात्मक लिखित परिक्षा २०७४/०५/ २० पत्र  : प्रथम                                                                                                                   ...