Income Tax Return Filing

An Income Tax Return (ITR) is a form that taxpayers use to report their income details and tax payments to the inland revenue department of Nepal.

1. The Nepalese fiscal year runs from mid-July to mid-July (Shrawan to Ashad).

2. The deadline for filing your income tax return is typically three months after the end of the fiscal year.

3. All taxpayers must file their Income Tax returns by mid-October (Ashwin end).

4. Self-employed individuals and businesses can extend Income Tax filing period until mid-January (Poush end).

5. Income Tax Filing deadline can vary each year, contact Four Ace Business Solution for the most up-to-date information.

1. The IRD offers an e-filing system to submit your Income Tax return online.

2. Income Tax E-filing is done online via the IRD’s Income Tax e-filing system.

3. To use the e-filing system, you have to obtain a username and password from Inland Revenue Department.

Payment of Income Tax in Nepal

Income Tax can be paid through online payment through the IRD’s e-payment system

1. Support in filing of Annual Income Tax Return to Income Tax Authority as per the requirement of Tax Laws.

2. Calculation of advance Income Tax installment and submission of advance Income Tax return to Income Tax Authority.

3. Preparation of Withholding Tax (Tax Deduction At Source) Return and filing ETDS on monthly basis to Tax Authority.

4. Providing updates on the Income Tax Laws and other related Laws.

5. Proper Tax Planning .

contact Four Ace Business Solution for the most up-to-date information and proper Tax planning..