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Taxation in INGOs

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...
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PROCESS OF REGISTERING A NGO IN NEPAL

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...
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CAREER CHOICES FOR NEWLY QUALIFIED CA IN NEPAL

Hello and Namaste to all young and energetic Chartered Accountants ! From my experience, I am writing this blog hoping that this will at least be useful to someone at some point. Because I used to search for many articles and comments in internet from our seniors regarding their experience hoping that I could find something to learn and shape my future. However, I couldn’t find any. I found many from Indian CAs. I even got a book authored by an Indian CA guiding on what new generation CA should focus on but none from the Nepalese fraternity. I am therefore of the opinion that we should share our thoughts, experience and opinions about the latest developments in accounting, about the existing markets, expectations from the corporate fields from young CAs, about the latest laws and its impact in the economy or any other information that is of interest to a Chartered Accountant and Chartered Accountancy students. These information are rarely available in books and mostly comes from ...
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CHARTERED ACCOUNTANTS-NEPAL ELECTRICITY AUTHORITY (NEA) PAST QUESTIONS

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                                                                                                                   ...
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‘नराम्रा शिक्षक कसरी सुधार्ने ?’

‘ शिक्षक’ मासिक पत्रिकाले ‘नराम्रा शिक्षक कसरी सुधार्ने ?’ शीर्षकमा आव्ह्वान गरेको लेखमा मेरो लेख उत्कृष्ट भएर पुरस्कृत भएको थियो। यो लेख २०६६ को असार अंकमा प्रकशित छ : सुधार्ने आफैंलाई हो, सुध्रिने आफैं हो “ आफू गलत छु वा वि द्याथीहरूमाझ अप्रिय छु भन्ने कुरा तपाइको मस्तिष्कले बताउछँ भने तत्काल नै आफूलाई परिवतर्न गर्ने दृढृ स ङ्क ल्प गरिहल्नुहोस। “ नराम्रा  शिक्षक सुधार्न  कुनै बाह्य तत्वको  भन्दा शिक्षक स्वयंको भूमिका बढी प्रभावकारी एबं फलदायी हुन्छ। सर्बप्रथम त हरेक शिक्षकले आफु विद्यार्थी, बिद्यालय प्रशाशन , अभिभावक वा सम्बन्धित क्षेत्रको नजरमा योग्य छु वा अयोग्य भन्ने कुराका स्वयं मूल्यांकन गर्नु जरुरि हुन्छ। यसका लागि उसले विद्यार्थी , अभिभावक आदिसंग अन्तरक्रिया गरेर आफ्ना कमजोरी तथा नराम्रा पक्ष एबं बानीव्याबहारलाई औंल्याइदिन आग्रह गर्न सक्छ। उनीहरूबाट राम्रो सुझाबको अपेक्षा गर्नु  र त्यसलाई कार्यरूपमा बदल्नु  उसको प्रमुख दायित्व हुन्छ। आफू  गलत छु वा  वि द्याथीहरूमाझ  अप्रिय छु भन्ने कुरा  तपाइको मस्तिष्कले बताउछँ भने ...
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मेरो गाउँ

बलखुको गौंडाबेसी प्रकृतिको खानी । गाउँमुनि सुसाउंछ सुनकोशीको पानी ।। वरिपरि हरियाली कति राम्रो बन । घरैबाट दृश्य हेर्छु उतै जान्छ मन ।। चमेली र  बेली अनि सयपत्री फुल्छन् । अपार यो सौन्दर्यले पर्यटक भुल्छन् ।। चराहरु रमाउँछन् फल-फूल खाई । कोइली चरी नाच्छिन अनि मिठो भाका गाई ।। कति राम्रो मेरो गाउँ हेरौं हेरौं लाग्छ । नाघुम्नेलाई जति घुम्यो उति रहर जाग्छ ।। बाख्रा लिई कहिलेकाहिं जंगलतिर जान्छु । ऐंसेलु र काफल टिपी रमाई-रमाई खान्छु ।। स्वर्ग जस्तो थियो गाउँ, सम्झे दिल दुख्छ । काठमाडौँमा बसेपनि मन गाउँमै पुग्छ ।। -युगादि लुइटेल (प्रकाशित: पल्लवी , २०६४ )
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YUGADI FOUNDATION

It was my dream to have my own blog since quite a long time. But because of several other priorities I couldn’t devote my time to this. Finally, after investing a considerable amount of time and research I am here with my own blog: yugadiliuitel.com.np, that too at free of cost :-) Thanks to Government of Nepal for its effort in digitalizing Nepal.  Another important thing is the name that I chose for my blog “Yugadi Foundation”.  Inspired by Isha Foundation of Sadhguru, I had in my mind of setting up my own charitable foundation and name it "Yugadi Foundation". Though this is not exactly a charitable foundation today but I do believe that sharing of my ideas, opinions and technical knowledge via this platform will definitely aid someone in search of information in the Nepalese context through the digital world. And even if a single person finds these pieces of information useful I will be more than happy.
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