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This document outlines various fines and penalties under Nepal's tax law. Some key points include:
1. Individuals who fail to submit an income tax return for a fiscal year will be fined Rs. 2,000 per return.
2. Those who intentionally or negligently submit false or misleading information could face fines from 50-100% of reduced tax amounts.
3. Assisting or encouraging others to evade taxes could result in a fine equal to 200% of the evaded tax amount.
4. Failure to comply with any provision of this law or related regulations could lead to fines as specified in Section 128.
This document outlines various fines and penalties under Nepal's tax law. Some key points include:
1. Individuals who fail to submit an income tax return for a fiscal year will be fined Rs. 2,000 per return.
2. Those who intentionally or negligently submit false or misleading information could face fines from 50-100% of reduced tax amounts.
3. Assisting or encouraging others to evade taxes could result in a fine equal to 200% of the evaded tax amount.
4. Failure to comply with any provision of this law or related regulations could lead to fines as specified in Section 128.
This document outlines various fines and penalties under Nepal's tax law. Some key points include:
1. Individuals who fail to submit an income tax return for a fiscal year will be fined Rs. 2,000 per return.
2. Those who intentionally or negligently submit false or misleading information could face fines from 50-100% of reduced tax amounts.
3. Assisting or encouraging others to evade taxes could result in a fine equal to 200% of the evaded tax amount.
4. Failure to comply with any provision of this law or related regulations could lead to fines as specified in Section 128.