Tax Compliance Nepal

Income Tax Act 2058 in Nepal — Sections, Scope, Assessment (2026)

A 2026 practitioner's law-explainer on the Income Tax Act 2058 (2002) in Nepal — the 28-chapter structure, Schedules 1 and 2, the charging section, the residency test under Section 2(ka), the income heads under Section 5, the deduction framework under Sections 17 to 25, transfer pricing under Sections 33 to 34, the withholding-tax regime under Chapter 17, the return-filing and self-assessment procedure under Sections 95 to 100, the assessment-amendment power under Section 105, the administrative review under Section 115 and Revenue Tribunal appeal under Section 116, the interest under Section 119 and penalty under Section 117, the recovery powers under Section 120, and the interaction with the Finance Act 2082 and Income Tax Rules 2059.