CEOs of Commercial Banks Nepal

S.No.	Name	Logo	CEO

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AIDE Tutorial - 20.4 WebView with SwipeRefreshLayout

Main.xml

<?xml version="1.0" encoding="utf-8"?>

 <RelativeLayout

    xmlns:android="http://schemas.android.com/apk/res/android"

    xmlns:app="http://schemas.android.com/apk/res-auto"

    xmlns:tools="http://schemas.android.com/tools"

    android:id="@+id/container"

    android:layout_width="match_parent"

    android:layout_height="match_parent"

    tools:context=".Browser">

    <android.support.v4.widget.SwipeRefreshLayout

              android:layout_width="match_parent"

        android:layout_height="match_parent"

        android:id="@+id/swipe">

        <android.support.v4.widget.NestedScrollView

            android:layout_width="match_parent"

            android:layout_height="match_parent">

            <WebView

                android:id="@+id/wv"

                android:layout_marginTop="10dp"

                   android:layout_width="match_parent"

                android:layout_height="match_parent">

            </WebView>

        </android.support.v4.widget.NestedScrollView>

    </android.support.v4.widget.SwipeRefreshLayout>

</RelativeLayout>

MainActivity.java

package com.mycompany.myapp2;

import android.app.*;
import android.os.*;
import android.webkit.*;
import android.widget.*;
import android.support.v4.widget.*;
import android.view.*;
import android.content.*;

public class MainActivity extends Activity
{WebView wv;
 
    SwipeRefreshLayout swipe;
    @Override
    protected void onCreate(Bundle savedInstanceState)
    {
        super.onCreate(savedInstanceState);
        setContentView(R.layout.main);
wv=(WebView)findViewById(R.id.wv);
        swipe = (SwipeRefreshLayout)findViewById(R.id.swipe);

     
   
        wv.loadUrl("https://shyamkumarkc20.com.np");
        WebSettings webSettings = wv.getSettings();
        webSettings.setJavaScriptEnabled(true);
        wv.getSettings().setAppCacheEnabled(true);
swipe.setRefreshing(true);
        wv.setWebViewClient(new WebViewClient(){
public void onPageFinished (WebView view, String url){
swipe.setRefreshing(false);
}
});
swipe.setOnRefreshListener(new SwipeRefreshLayout.OnRefreshListener() {
@Override
public void onRefresh() {
wv.reload();
}





});
}
@Override
    // Detect when the back button is pressed
    public void onBackPressed() {
        if(wv.canGoBack()) {
            wv.goBack();
        } else {


AlertDialog.Builder builder=new AlertDialog.Builder(MainActivity.this);
builder.setMessage("Are you sure you want to exit?");
builder.setIcon(android.R.drawable.ic_dialog_alert);
builder.setPositiveButton("Yes", new DialogInterface.OnClickListener(){
@Override
public void onClick(DialogInterface dialog, int which)
{
MainActivity.this.finish();
}
});
builder.setNegativeButton("No", new DialogInterface.OnClickListener(){
@Override
public void onClick(DialogInterface dialog, int which)
{
dialog.cancel();
}
});
AlertDialog alert =builder.create();
alert.show();
}
}


}

Manifest
<uses-permission android:name="android.permission.INTERNET"/>

<uses-permission android:name="android.permission.ACCESS_NETWORK_STATE"/>

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Merchant Banker In Nepal

<

S.No.	Merchant Bank	Head Office

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SmartChoice Technologies Limited (SCT)

What is SCT?

SmartChoice Technologies Ltd. established on 2001, popularly known as SCT and SCT-Network is a Payment Service Operator (PSO) licensed under the Nepal Central Bank. SCT provides different types of Cards and Payment Platform to most of the Commercial Banks, Development Banks, PSP (Payment Service Provider) and other financial institutions in Nepal. SCT has also entered into a strategic alliance with international payment processors and schemes (UnionPay International, Pulse Network, FSS etc.) to extend its services and accessibility.

SCT is Pioneer to introduce first of its kind, integrated shared switching payment Network in Nepal, along with Domestic proprietary Card Scheme (SCT) in Nepal. SCT offers diversified payment services ranging from Issuance of Dual Interface (Contact and Contactless) Debit and Prepaid Card (Domestic and International), Interconnection of ATM & POS, Interoperability between multiple BFIs, Gateway to International Schemes, QRC Payment Platform and complete solution of Financial Technology thereby supporting the growth and infrastructure for Digital payment in Nepal.

SCT is indigenously developed payment system in Nepal- designed to meet the expectation and need of Nepalese Consumers, Banks, PSP, merchant's echo-system and other domestic digital platform.

Our Services are:

• Card Payment Transaction Switching
• Card Issuance
• ATM and POS Management
• Gateway to Other Domestic Network and International Processors
• Payment Gateway to eCommerce and Mobile Commerce Channel.
• SMARTQR (QRC Transaction Switching)
• EMVCo Standard Static and Dynamic QRC Generation.
• Inter-Network and Intra-Network Settlement

SCT Member List

S.No	Bank Name	Type of Bank
1	Agriculture Development Bank Ltd.	Commercial Bank
2	Civil Bank Ltd.	Commercial Bank
3	Everest Bank Ltd.	Commercial Bank
4	Global IME Bank Ltd.	Commercial Bank
5	Himalayan Bank Ltd.	Commercial Bank
6	Mega Bank Nepal Ltd.	Commercial Bank
7	Nabil Bank Ltd.	Commercial Bank
8	NMB Bank Ltd.	Commercial Bank
9	Prabhu Bank Ltd.	Commercial Bank
10	Green Development Bank Ltd.	Development Bank
11	Karnali Development Bank Ltd.	Development Bank
12	Saptakoshi Development Bank Ltd.	Development Bank
13	Kamana Sewa Bikas Bank Ltd.	Development Bank
14	Sindhu Bikash Bank Limited	Development Bank
15	Best Finance Company Limited	Finance
16	Central Finance Ltd.	Finance
17	Goodwill Finance Ltd.	Finance
18	Guheswori Merchant Banking and Finance Ltd.	Finance
19	Gurkhas Finance Ltd.	Finance
20	ICFC Finance Ltd.	Finance
21	Manjushree Financial Institution Ltd.	Finance
22	Nepal Finance Limited	Finance
23	Pokhara Finance Ltd.	Finance
24	Progressive Finance Limited	Finance
25	Reliance Finance Ltd.	Finance
26	Samriddhi Finance Company Limited	Finance

For More SCT member banks please visit: http://sct.com.np/members.php

Union Pay Member List

S.No	Bank Name	Type of Bank
1	Nic Asia Bank Ltd.	Commercial Bank
2	Siddhartha Bank Ltd.	Commercial Bank
3	Citizens Bank International Ltd.	Commercial Bank
4	Bank of Kathmandu Ltd.	Commercial Bank

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Deposit and Credit Guarantee Fund (DCGF)

Introduction

Financial stability is one of the topical issues that has been accorded increased attention from central bank, government, market players, borrowers and deposit insurer. As a deposit insurer, Deposit and Credit Guarantee Fund(DCGF) has started the deposit guarantee scheme in Nepal from the year 2010. Deposit guarantee/insurance is recognized globally as an important component of a country's financial safety net and has been implemented in more than 120 countries around the world. It is a system that protects depositors against the loss of their guaranteed deposits placed with banks and financial institutions (BFIs) in the case of unlikely event of the BFIs failure. DCGF has given the statutory responsibility to perform both the deposit guarantee and credit guarantee function through it's own "Deposit and Credit Guarantee Fund Act, 2073". In the DCGF Board there has been representation of six from the government and one from Nepal Rastra Bank. Obviously, DCGF is a government sponsored and administered separate entity. Generally, deposit guarantee system is a government sponsored scheme.

In Nepal, deposit guarantee scheme is confined to BFIs namely

• A Class Commercial banks
• B Class Development banks
• C Class Finance companies and
• D Class Micro credit development banks

DCGF has fixed the premium rate of 0.16 % on guaranteed deposit to all BFIs member institutions. The coverage of deposit guarantee is limited to Rs 3,00,000 per natural individual depositors per member institution applicable on a combination of saving and fixed deposit.

In short

1. DCGF guarantees the deposit of the natural person depositors upto Rs. 3 lakhs held with the commercial banks and financial institutions licensed by Nepal Rastra Bank.
2. The premium rate is 0.16 percentage calculated annually and paid on quarterly basis at the rate of 0.04 percentage calculated on the basis of average deposit amount of last three months of the quarter.
3. In case of banks/financial institutions' liquidation, the concerned liquidator prepares the list of depositors to be compensated and send it to the DCGF.
4. As per the liquidator's list of depositors, DCGF pays the compensation amount to the concerned depositors through the liquidator.

Credit Guarantee

Microfinance and Deprived Sector Credit Guarantee

1. Loans advanced by the member institutions under micro-finance and deprived sector shall be guaranteed by the Fund as follows:
   a. Loans advanced to each individual under group guarantee up to Rs. 1 million.
   b. Loans advanced to each individual with collateral up to Rs. 2 million.
   c. Loans advanced to each individual with educational certificate as collateral up to Rs. 0.70 million.
   d. Loans advanced up to Rs. 1.5 million with the prior consent of DCGF for micro-enterprises promoted by women entrepreneurs under personal or group guarantee or project collateral.
   e. Loans advanced to Dalits and foreign returned citizens with skill-based training under group guarantee or project collateral up to Rs. 1 million.
2. The premium rate is fixed at 0.8% per annum out of which only 50% of premium amount (i.e 0.40% of the guaranteed amount) shall be paid by the member institution at the rate of 0.20% each on the outstanding loan of Poush end and Asadh end respectively. Remaining 50% of premium amount (i.e 0.40% of the guaranteed amount) will be received as subsidy from the Government of Nepal. In case of subsidized loan, the subsidy is claimed from Nepal Rastra Bank.
3. The maximum tenure to lodge claim by member institutions with the Fund is within two years from the due date of payment of Loan.
4. The compensation rate is 75% of the outstanding balance of the loan at due date.

SME Credit Guarantee

1. Loans advanced by member institutions up to Rs. 10 million for the promotion of service sectors and industries shall be guaranteed by the Fund under this scheme. For the loans above Rs. 10 million up to 30 million the member institutions have to obtain prior approval of the Fund before disbursing.
2. The premium rate is fixed at 0.6% per annum out of which only 50% of premium amount (i.e. 0.30% of the guaranteed amount) shall be paid by the member institution at the rate of 0.15% each on the outstanding loan of Poush end and Asadh end respectively. Remaining 50% of premium amount (i.e. 0.30% of the guaranteed amount) will be received as subsidy from the Government of Nepal.
3. The maximum tenure to lodge claim by member institutions with the Fund is within two years from the due date of payment of Loan.
4. The compensation rate on guaranteed loan up to Rs 5 million is 80% of the outstanding balance whereas the compensation rate on the guaranteed loan above Rs 5 million up to Rs 20 million is 70% of the outstanding balance.

Agricultural Credit Guarantee

1. Loans advanced by member institutions up to Rs. 10 million for the promotion of service sectors and industries shall be guaranteed by the Fund under this scheme. For the loans above Rs. 10 million up to 30 million the member institutions have to obtain prior approval of the Fund before disbursing.
2. The premium rate is fixed at 0.6% per annum out of which only 50% of premium amount (i.e 0.30% of the guaranteed amount) shall be paid by the member institution at the rate of 0.15% each on the outstanding loan of Poush end and Asadh end respectively. Remaining 50% of premium amount (i.e 0.30% of the guaranteed amount) will be received as subsidy from the Government of Nepal.
3. The maximum tenure to lodge claim by member institutions with the Fund is within two years from the due date of payment of Loan.
4. The compensation rate on guaranteed loan up to Rs 5 million is 80% of the outstanding balance whereas the compensation rate on the guaranteed loan above Rs 5 million up to Rs 20 million is 70% of the outstanding balance.

Educational loan and Educational Unemployed Business Credit Guarantee

1. The education loan advanced by member institutions up to the limit of Rs. 1 million.
2. The loan advanced by the member institutions up to Rs. 5,00,000 without collateral or on a group guarantee to the educated unemployed persons for skill development and to establish and run the business on their own.
3. The premium is fixed at 1% per annum out of which only 50% of premium amount (i.e 0.50% of the guaranteed amount) shall be paid by the member institution at the rate of 0.25% each on the outstanding loan of Poush end and Asadh end respectively. Remaining 50% of premium amount (i.e 0.50% of the guaranteed amount) will be received as subsidy from the Government of Nepal.
4. The maximum tenure to lodge claim by member institutions with the Fund is within two years from the due date of payment of Loan.
5. The compensation rate is 80% of the outstanding balance of the loan at due date.

Export Credit Guarantee

1. Loans advanced by member institutions up to Rs. 0.2 million for the promotion of export-oriented business shall be guaranteed by the Fund under this scheme. For the loans above Rs. 0.2 million up to 1 million the member institutions have to obtain prior approval of the Fund before disbursing.
2. The premium rate is fixed at 1% per annum out of which only 50% of premium amount (i.e 0.50% of the guaranteed amount) shall be paid by the member institution at the rate of 0.25% each on the outstanding loan of Poush end and Asadh end respectively. Remaining 50% of premium amount (i.e 0.50% of the guaranteed amount) will be received as subsidy from the Government of Nepal.
3. The maximum tenure to lodge claim by member institutions with the Fund is within two years from the due date of payment of Loan.
4. The compensation rate on guaranteed loan up to Rs 0.20 million is 80% of the outstanding balance whereas the compensation rate on the guaranteed loan above Rs 0.2 million and up to Rs 1 million is 70% of the outstanding balance.

Livestock Guarantee

1. Livestock purchased from the loan advanced by the member institutions up to the maximum limit of Rs. 1,50,000 is guaranteed by DCGF.
2. The premium rate is fixed at 5% per annum out of which only 50% of premium amount (i.e 2.5% of the guaranteed amount) should be paid by concerned loanee. Remaining 50% of premium amount (i.e 2.5% of the guaranteed amount) will be received as subsidy from the Government of Nepal.
3. In case of death of livestock within the policy period, DCGF pays compensation to the farmer through the member institutions at the rate of 90% of the guaranteed amount.
4. In case the livestock turns out to be unproductive within the policy period, the farmers are compensated up to 50% of the guaranteed amount through the member institutions.

निक्षेप तथा कर्जा सुरक्षण

सीमित आय भएका सर्वसाधारण निक्षेपकर्तालाई बैकिंग एवं वित्तीय संस्थाको निक्षेप प्रति वढी विश्वसनीय पार्ने उद्देश्यले निक्षेपको सुरक्षण गरिएका बैंक/वित्तीय संस्था खारेज भएको वा liquidation मा गएको अवस्थामा त्यस्तो निश्चित निक्षेप वरावरको दावी भुक्तानी पाउने गरी सुरक्षण/बीमा गराउने प्रचलन करिव ८० वर्ष अघिदेखि संयुक्त राज्य अमेरिकाले शुरु गरेको र हाल आएर विश्वका करिव १२० राष्ट्रले त्यस्तो निक्षेप सुरक्षण/बीमा स्कीम लागू गरेका छन् ।

• निक्षेप सुरक्षणको अपेक्षित प्रभाव
• निक्षेपकर्ताको हित संरक्षण
• वित्तीय प्रणालीको स्थायित्वमा सहयोग
• स–साना निक्षेप कर्ताहरुको निक्षेपको संरक्षण
• वित्तीय प्रणालीको प्रतिस्पर्धामा वृद्धि
• वित्तीय उद्धारमा सरकारी कोष प्रयोगको न्यूनीकरण
• नैतिक जोखिम (moral hazard) को संभावना

लघु वित्त तथा विपन्न वर्ग, साना तथा मझौला उद्यम र पशुधन जस्ता कर्जाले रोजगारी, आय आर्जन, समावेशी र दिगो आर्थिक वृद्धि गराउन मद्दत गर्ने हुँदा त्यस्ता कर्जाको व्यवसयिकताको जोखिम कम गर्ने उद्देश्यले सुरक्षणको अवधारणा विकसित भएको हो । यस्तो कर्जामा सरकारी स्तर र दातृ निकायबाट कार्यक्रममुखी सुरक्षणमा अनुदान समेत दिने गरेको पाइन्छ । यसबाट खराब कर्जा न्यूनीकरण गर्न मद्दत पुगी अन्तत:
(क) त्यस्तो न्यूनीकरणको प्रभावलाई आय आर्जनमा रुपान्तरण गर्नु,
(ख) तोकिएका कर्जाहरुमा loan loss provisioning गर्न नपर्ने भई यसबाट आय, शेयरधनी स्वामित्व र वित्तीय अवस्थामा सकारात्मक प्रभाव पर्ने र ऋणी तथा लगानी गर्ने संस्थाको आत्मविश्वास एवं ग्राहक संतुष्टीमा समेत मद्दत पुग्ने अपेक्षा लिइएको हुन्छ ।

कर्जा सुरक्षणको अपेक्षित प्रभाव

• विपन्न, सिमान्तकृत, साना तथा मझौला क्षेत्रका ऋणिहरुलाई संस्थागत कर्जाको पहुँच
• कर्जा प्रदायक र सुरक्षणकर्ताबीचको संबन्ध विकास
• कर्जा प्रदायक र सुरक्षणकर्ताबीच जोखिमको हिस्सेदारिता
• सुरक्षण सस्कृतिको विकास
• दावी भुक्तानी पछि पनि कर्जा असुली प्रकृयालाई निरन्तरता
• कर्जा सुरक्षणमा सामाजिक–आर्थिक पक्षको दृष्टीबाट अनुदानको व्यवस्था
• कर्जा सुरक्षणको कारण ऋण तिर्ने वानी तथा अवधिमा सुधार
• कर्जा सुरक्षणमा नैतिक जोखिम (moral hazard) को संभावना
• कर्जा प्रदायक संस्थाको प्रतिस्पर्धात्मक क्षमता, वित्तीय सवलता र दक्ष जनशक्तिको माध्यमद्धाराकर्जा व्यवस्थापनको सुनिश्चितता

संदर्भ नेपाल

नेपालको सन्दर्भमा निक्षेप तथा कर्जा सुरक्षणको कार्य निक्षेप तथा कर्जा सुरक्षण काेषले मात्र गर्ने व्यवस्था रहेको र यस्ले प्रचलनमा ल्याएका सुरक्षण कार्यक्रमहरु निम्न अनुसार रहेका छन्:

१. निक्षेप सुरक्षण कार्यक्रम

नेपाल राष्ट्र बैंकबाट इजाजत प्राप्त बैंक/वित्तीय संस्थाहरुमा प्रत्येक प्राकृतिक व्यक्तिको चल्ती, बचत एवं मुद्दती निक्षेप समेत गरी अनिवार्य रुपमा रु. ३ लाख सम्मको रकम वार्षिक ०.१६% सुरक्षण दस्तुर अर्थात ०.०४% त्रैमासिक रूपमा वर्षमा चार पटक श्रावण, कार्तिक, माघ र बैशाख १० गते भित्र सुरक्षण दस्तुर किस्ताबन्दीमा सदस्य संस्थाले व्यहोर्ने गरी सुरक्षण गर्दछ।

२. कर्जा सुरक्षण कार्यक्रम
लघुवित्त तथा विपन्न वर्ग कर्जा सुरक्षण कार्यक्रम अन्तर्गत
(क) बिना धितो सामूहिक लगानीमा रु 10 लाख रुपैयाँसम्म
(ख) धितो लगानीमा रु. 20 लाख रुपैयाँसम्म
(ग) कोषको पूर्व सहमति लिई महिलाहरुद्वारा संचालित लघुउद्यमको लागि सम्बन्धित परियोजना धितो राखी वा सामूहिक जमानी वा व्यक्तिगत जमानीमा रु. 15 लाख रुपैयाँसम्म
(घ) शैक्षिक प्रमाणपत्रको धितोमा रु ७ लाख सम्म र
(ङ) वैदेशिक रोजगारीबाट सीप मूलक तालिम लिर्इ फर्केका युवा तथा दलित समुदायका व्यक्तिलार्इ सामूहिक जमानी वा परियोजना धितो राखी लगानी गरिएको कर्जाको हकमा रु १० लाख रुपैयाँसम्मको कर्जा सुरक्षण गर्ने गर्दछ। यस्ता कर्जाको सुरक्षण शुल्क बापत कर्जा प्रवाह गर्ने सदस्य संस्थाहरुले वार्षिक 0.8% वा अर्धवार्षिक ०.4% को किस्तामा बुझाउनु पर्नेछ । कोषमा सुरक्षण भएका यस्ता कर्जा पुरै खराब (default) भएको प्रमाणित भएमा ७५% कर्जा जोखिमको दावी भुक्तानी कोषले व्यहोर्ने गर्दछ।

साना तथा मझौला उद्यम कर्जा सुरक्षण कार्यक्रम अन्तर्गत उद्योग व्यवसाय, सेवा व्यवसाय वा अन्य कर्जाको लागि सदस्य संस्थाले प्रदान गरेको रु. 1 करोड सम्मको कर्जा अनिवार्य रुपमा र कोषको स्वीकृति लिई लगानी गरेको कर्जाको हकमा रु 3 करोड सम्मको कर्जा कोषले सुरक्षण गर्ने गर्दछ । यस्ता कर्जाको सुरक्षण शुल्क कर्जा प्रवाह गर्ने सदस्य संस्थाले वार्षिक ०.6% र ०.3% अर्धवार्षिक रुपमा बुझाउनु पर्नेछ । यस्तो कर्जा पुरै खराब (default) भएको प्रमाणित भएमा रु ५० लाख सम्म ८०% र रु ५० लाख भन्दा माथि रु 2 करोड सम्म ७०% कर्जा जोखिमको दावी भुक्तानी कोषले व्यहोर्ने गर्दछ ।

कृषि कर्जा सुरक्षण कार्यक्रम अन्तर्गत विभिन्न प्रकारका कृषि व्यवसायको लागि सदस्य संस्थाले कृषि क्षेत्रमा प्रदान गरेको रु. 1 करोड सम्मको कर्जा अनिवार्य रुपमा र कोषको स्वीकृति लिई लगानी गरेको कर्जाको हकमा रु 3 करोड सम्मको कर्जा कोषले सुरक्षण गर्ने गर्दछ । यस्ता कर्जाको सुरक्षण शुल्क कर्जा प्रवाह गर्ने सदस्य संस्थाले वार्षिक ०.6% र ०.3% अर्धवार्षिक रुपमा बुझाउनु पर्नेछ । यस्तो कर्जा पुरै खराब (default) भएको प्रमाणित भएमा रु ५० लाख सम्म ८०% र रु ५० लाख भन्दा माथि रु 2 करोड सम्म ७०% कर्जा जोखिमको दावी भुक्तानी कोषले व्यहोर्ने गर्दछ ।

शैक्षिक कर्जा तथा शैक्षिक बेरोजगार व्यवसाय कर्जा सुरक्षण कार्यक्रम अन्तर्गत तोकिएका विषय अध्ययन गर्नको लागि नेपाल सरकारले लक्षित गरेका व्यक्तिहरुको शिक्षामा सदस्य संस्थाले लगानी गरेको रु १० लाख सम्मको शैक्षिक कर्जा र तोकिएका विषयमा व्यवसायीक तालिम लिई व्यवसाय स्थापना वा संचालनको लागि नेपाल सरकारले लक्षित गरेका बेरोजगार व्यक्तिहरुलाई सदस्य संस्थाले व्यक्तिगत वा सामूहिक जमानीमा लगानी गरेको रु १० लाख सम्मको कर्जा कोषले सुरक्षण गर्ने गर्दछ । यस्ता कर्जाको सुरक्षण शुल्क कर्जा प्रवाह गर्ने सदस्य संस्थाले वार्षिक 1% र ०.5% अर्धवार्षिक रुपमा बुझाउनु पर्नेछ । कोषमा सुरक्षण भएका यस्ता कर्जा पुरै खराब (default) भएको प्रमाणित भएमा 80% कर्जा जोखिमको दावी भुक्तानी कोषले व्यहोर्ने गर्दछ।

निर्यात कर्जा सुरक्षण कार्यक्रम अन्तर्गत निर्यातजन्य व्यवसायको लागि सदस्य संस्थाले प्रदान गरेको रु. 2 लाख सम्मको कर्जा अनिवार्य रुपमा र कोषको स्वीकृति लिई लगानी गरेको कर्जाको हकमा रु 10 लाख सम्मको कर्जा कोषले सुरक्षण गर्ने गर्दछ । यस्ता कर्जाको सुरक्षण शुल्क कर्जा प्रवाह गर्ने सदस्य संस्थाले वार्षिक 1% र ०.5% अर्धवार्षिक रुपमा बुझाउनु पर्नेछ । यस्तो कर्जा पुरै खराब (default) भएको प्रमाणित भएमा रु 2 लाख सम्म ८०% र रु 2 लाख भन्दा माथि रु 10 लाखसम्म ७०% कर्जा जोखिमको दावी भुक्तानी कोषले व्यहोर्ने गर्दछ ।

पशुधन कर्जा सुरक्षण कार्यक्रम अन्तर्गत कर्जा प्रदान गर्ने सदस्य संस्थाले पशुधनको वर्गीकरण अनुसार एक पशुको लागि अधिकतम रु. १ लाख ५० हजार सम्मको कर्जा सुरक्षण गर्ने गर्दछ । यस्तो कर्जाको वार्षिक सुरक्षण शुल्क 2.५% का दरले सम्बन्धित ऋणीले बुझाउनु पर्नेछ । यस्तो कर्जाबाट खरीद पशुधनको मृत्यु भएको प्रमाणित भएमा ९०% र स्थायीरुपले अनुत्पादक प्रमाणित भएमा ५०% कर्जा जोखिमको दावी भुक्तानी कोषले व्यहोर्ने गर्दछ ।

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Model Question of Taxation in Nepal

Full Marks: 100 Taxation in Nepal (MGT 312)( New course) Time: 3hrs.

Candidates are required to give their answers in their own words as far as practicable. 

The figures in the margin indicate full marks.

Attempt All the questions.

1. write in short the objectives of the value added tax. [5].
2. write the short about the cannon of taxation. [5]
3. write in short, any five features of income tax Act,2058. [5]

OR

  Write in short the exemptions given by income tax Act,2058.[5]

4.   Explain the concept of value added tax. [5]

OR

 An article passes through two middlemen, wholesaler and retailer before reaching to a final consumer.Both the middle men charged 15% and 5% profit margin on their cost price respectively. The consumer paid Rs.12008 inclusive VAT. The importer had not paid VAT on its purchase but had charged 10% profit margin on its cost.

Required: A statement of value added tax showing;

1. a) Cost price of the importer.
2. b) VAT paid to government at each level of sales. [3+2].
3. Mr.X joined a retail shop as salesmen. He disclosed the following details of his income and expenditures of the previous year for tax purpose.

salary	Rs.7500 p.m
Overtime allowance	Rs.12000 p.m
Commission	2% on sales
Sales for the period	Rs.400000
Dashain allowance	Equal to one month salary
Transport allowance	Rs.500 p.m
Average expenses on transport	Rs.4000 p.m
His contribution to unrecognized provident fund	10% of salary.

He claimed contribution to provident fund and transport expense for deduction.

Required: net (assessable) income from employment. [5].

6. Mr.Z, an employee of a private office has submitted the following income and expenditure for the previous year

Salary	Rs.18000 p.m
Provident fund as per government regulations
Dearness allowance	Rs.2500 p.m
Income tax paid by employer	Rs.15000
Life insurance paid by employer	Rs.8000
Entertainment allowance	Rs.1500p.m
Best employees award from employer	Rs.18000
Family allowance	Rs.30000
Dashain allowance provided by the employer as per government rule.
Car facility provided by the employer.
Donation was paid to approved firm		Rs.12000
Children education expenses paid by him		Rs.8000

Required: a).Net (assessable) income. b).statement of taxable income

C). Tax liability. [5+2+1].

7. Mr. Limbu submitted the following particulars of his incomes for the previous year:

Net(Assessable) income from employment.	Rs.198000
Net( Assessable) income from profession	Rs.302000

He claimed the following expenses for deduction: 

Donation to Nepal football Association	Rs.50000
Life insurance premium of Rs. 8000 on his own life policy of Rs.200000 and of his son Rs. 5000.

Required: a) statement of taxable income. b) Tax liability. [4+1].

 

8. Ms. Ramkaji, an employee of government owned organization has submitted the following particulars of his income and expenditures of the previous year.

Salary scale		Rs.12000-350-14100EB 400-15700
Date of appointment		1st kartik 2058.
Local allowance		Rs.4000 p.m
Entertainment allowance		Rs.1500 p.m
House facility provided by the employer
Project allowance	Rs.7000 p.m

He claimed the following expenses for deduction.

Contribution to provident fund @10% of salary
Advance income tax	Rs.30000
Life insurance premium	Rs.15000 (insured sum Rs.200000)
Education expenses of his son	Rs. 12000
Donation to eye hospital	Rs. 18000

Required: a) Net assessable income from employment. 

1. b) Taxable income. [5+2]
2. Mention the provision of depreciation in income tax Act, 2058.

OR

Write in short the features of value added tax. [5].

10. Mr. Gurung, who was migrated to UK 30 years ago, earned the following incomes during his stay in Nepal from 1St Aswin to Last of Falgun of the previous year.

Net(assessable) income from export business

Rs. 500000

He claimed the following expenses for deduction:

Rent of the room used for the business office Rs.3000 p.m for the above period.

Required: a) Residential status of Mr. Gurung.

b). Tax payable by Mr.Gurung. [2+3]

11. Mr. Hari disclosed the following details of his income and expenditures fot the previous year.

 

Royalty from natural resources after TDS	Rs. 170000
Interest on private money lending	Rs.100000
Royalty from publishers after TDS	Rs.127500
Interest credited by bank after TDS	Rs.18800
Rent from house after TDS	Rs.76500
Royalty from writing articles in newspapers after TDS	Rs.10200
Gift from the publishers after TDS	Rs.12750

Expenditures claimed for deduction were:

Collection cost of royalty from natural resources	Rs.5400
Collection cost of royalty from writing articles	Rs.200
Collection cost of royalty from publishers	Rs.3500
Collection cost of interest on private money lending	Rs.8000
Collection cost of rent from house let-out	Rs.2000
Depreciation of the house rented	Rs.7500
Donation to a public school	Rs.10000

Required: a). Net(assessable) income from investment.

b). statement of total taxable income. [4+2]

12. The following is the receipts and payments accounts of a

Accountant for the previous year:

Dr Receipt and payment Cr
Receipts	(Rs.)	Payments	(Rs.)
To balance b/d	150000	By salary to staff	150000
To consultation fees	250000	By office expenses	50000
To accounting fees	120000	By interest collection charge	10000
To commission relating to accounting work	50000	By domestic expenses	15000
To income from agriculture	40000	By Collection charges on government securities	1000
To interest on fixed deposit	60000	By telephone and electricity	5000
To Interest received related to his profession	14000	By donation to public school	15000
To interest on non-taxable government securities	25000	By balance c/d	463000
Total	709000	Total	709000

Required: a). Net (assessable) income from profession.

b). Statement of taxable income. [5+2]

13. following are the operating results of a company during the last 7 years.

Years	1	2	3	4	5	6	7
Profit/(loss)Rs	(170000)	(50000)	150000	80000	(50000)	900000	50000

Company paid donation of Rs.20000 in the 1st year. The profit of the third year derived before deducting interest on bank loan of Rs.15000.

Required: Taxable income of the company giving explanation when necessary. [4+1]

14. Mr.Raju has submitted the following details of his house located at Lalitpur Sub-Metropolitan City.

 

• Area of house 7000 sq.ft.

• Mode of constriction RCC frame structure.

• Land and compound of house 3 ropanies.

• Yrer of construction 5056/57 B.S.

• Government valuation of land per ropani Rs.5000000.

 

Required: a). valuation of house and land.

b). Tax liability. [5+2]

15. A company Ltd. provided the following details about its fixed assets under group B for the previous year:

a). Depreciation base of the assets at opening date.Rs.1500000.

b). New addition of assets:

on Marga. Rs.900000

on Jestha. Rs.900000

c). Assets disposed off:

Book value Rs.300000

Cash value Rs.400000

Required :a) Amount of depreciation to be charged for the previous year.

1. b) Depreciation base of assets at year end. [3+2] 
2. The trading & profit and loss Account of Mr.Hari for the previous year is given below:

Dr Trading and P/L Account Cr
Particulars	(Rs.)	Particulars	(Rs.)
To opening stock	200000	By sales	2500000
To purchase	1300000	By closing stock	600000
To wages	300000
To custom duty	150000
To gross profit c/d	1150000
Total	3100000	Total	3100000
To office salaries	100000	By gross profit	1150000
To printing & stationary	130000	By interest	140000
To legal expenses	20000	By miscellaneous income	150000
To general expenses	160000	By agriculture income	20000
To interest on loan	60000	By dividend received (net)	15000
To depreciation on plant	50000	By amount received for accepting restriction of business	45000
To life insurance premium	20000	By bad debt recovered	20000
To provision for tax	5000	By gain on sale of non-business asset.	60000
To provision for tax	5000
To misc. expenses	40000
To research and dev.cost	40000
To discount allowed	2000
To donation	50000
To bad debt	7000
To advertising	20000
To net profitc/d	896000
Total	1600000	Total	1600000
Additional information: Purchase of trading goods include Rs.150000, the value of plant purchased in Aswin of previous year. The beginning depreciation base of plant was Rs.50000. No part was sold during the previous year. Legal expenses include Rs.15000 spent for domestic use. 40% of donation was paid to non approved firm by IRD. 50% of bad debts recovered was allowed previousely. General expenses include Rs.60000 paid for electricity for business use. Life insurance premium includes Rs.15000 paid for fire insurance premium. Required: a) Net(assessable) income from business.   b) Net( assessable) income from investment.   c)  Statement of taxable income.   d) tax liabilities. [10+1+3+1] OR. Given below is the Receipts and Payments Account of Mr.Khadka, a medical practitioner, for the previous year: Dr Receipts & payaments Cr Receipts Rs. Payments Rs. To balance b/d 40000 By staff salaries 200000 To cosultation fees 400000 By office rent 72000 To legal fees 300000 By purchase of furniture 60000 To meeting allowance (net) 5100 By office supplies 50000 To dividend (net) 19000 By car expenses 20000 To Loan from bank  200000 By domestic expenses 150000 To agriculture income 40000 By interest on loan 32000 To sale of professional related land (b00k value Rs.20000) 70000 By donation to public school 50000 To misc. income 50000 By tax paid on lottery income 200000 To Sale proceeds from the professional journal 2900 By subscription to journal 6000     By balance c/d 287000 Total 1127000 Total 1127000 Additional information: On aswin , Mr.khadka won a car valued Rs.800000. which he used for his personal as well as professional purpose. Loan was taken for his professional purpose, however 75% of the loan was used on the construction of his personal use. Domestic expenses include Rs.12000: life insurance premium paid on policy of Rs.150000 on his own life. Misc. receipts include Rs.1000 bad debt recovered. On scrutiny it is found that 60% of this amount was not allowed previously for deduction. Charge depreciation on car as well as furniture. Required : a).Net (assessable) income from profession.     b).Net (assessable) income from investment.     c). statement of taxable income.       d). tax liability. [10+1+2+2]  BEST OF LUCK

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Model Questions of Tax Laws &Tax Planning

                                                  Full Marks: 100

Tax Laws &Tax Planning (Acc 613) Time: 4 hrs.

Candidates are required to give their answers in their own words as far as practicable. 

The figures in the margin indicate full marks.

Attempt All the questions.

1. Write in brief the following terms as laid down under Income Tax Act 2058.

a. indirect tax. b. Natural resident person

c. Non-business chargeable asset d. Final withholding payment

[4×2 = 8] or

Explain briefly the tax exempt institutions under Income Tax Act 2058    [8]

2.(a) The Kamabinayak Company limited provided the following particulars of different assets used in business. You, as a tax consultant, is requested by the company administration to calculate the allowable amount of depreciation as per Income Tax act 2058 for the relevant income year

Beginning WDV as on 1st Shrawan
Automobile	Rs,500,000
Computers	Rs. 3,00,000
Machinery	Rs. 1,500,000

Additional information:

• 1/2 of the automobile was not used for business purpose.

• The book value of machinery worth Rs. 30,000 was disposed off for Rs. 40,000 on Magh

• The computer worth Rs. 30,000 was purchased on Baishakh of previous year.

2.(b) The Income statement of a company showed a net income of Rs. 3,00,000 for the previous income year. An examination was made by tax. Authorities regarding the income statement and found the following facts.

• The net income was derived after deducting fines and penalties of Rs. 30,000; donation tax exempt organization of Rs. 200,000 and pollution control cost (PCC) of  Rs. 200,000.

• The above net income was derived before adjusting the business loss of Rs. 20,000 was occurred in last four year .

Required: Taxable income and tax liability. [4+4=8]

3.(a) The following are the operating results of a company:

Year	8	9	10	11	12
Profit/loss (Rs._	700,000	300,000	(700,000)	800,000	1,000,000

The total unrecovered loss stood of Rs. 400,000 at the end of year 3, out of which Rs. 500,000 was for year two and balance was for the year three. The profit of year 11 was derived before deduction allowable depreciation under income tax act of Rs. 50,000. The profit of year 12 was derived after deducting the donation of Rs. 30,000 was given for an ancient religious heritage with the pre-approval of IRD.

Required: Taxable income of the company giving explanation wherever necessary.

3.(b) Write the objectives of Value added tax. [4+4=8]

4.(a) A manufacturing company provided the following particulars:

• Raw material purchased of Rs. 600,000.

• Indirect material of Rs, 50,000; out of which Rs. 20,000 is excise tax on imports.

• Freight on raw material purchased was Rs. 10,000 and Rs, 15,000 was incurred for selling expenses.

• Operating and closing stock of raw materials were  Rs. 60,000 and Rs. 50,000 respectively.

• Manufacturing and management expenses amount to Rs. 1000,000 each.

• Net profit of the company was Rs, 70,000.

Required: Factory price and amount of excise tax to be paid if tax rate is 18%.

4.(b) A business firm imported following goods from foreign country and included transportation cost US$ 2,000 up to Nepal's custom point.

Types of goods	Quantities	Unit price	Total cost	Rate of custom duty (assumed)
Refrigerator	30	US$ 300	US$ 6,000	30%
Washing machine	40	US$ 400	US$ 16,000	20%
Micro oven	50	US$ 100	US$ 5,000	30%
Gas heater	30	US$ 150	US$ 4,000	15%

From investigation of good in custom form the view point of the custom authority found that the price of micro oven is US$ 200. In the same way the quantities of gas heater was 35 pieces in the place of 30 pieces.

Required: Custom duty [4+4=8]

5. (a) A company has the following expected operating results for the next five years 

 

Years	8	9	10	11	12
Exp.profit/Loss(Rs)	200,000	400,000	550,000	700,000	900,000

On scrutiny it is found that is unrelieved past accumulated loss of Rs.575,000 . out of which Rs.200,000 was for the year 2 and Rs.200,000 for year 3 and rest was for year 4. regarding the above financial results the company would like to under take the following activities within the next 5 years period . 

i. To purchase a patent right having life of 2 years and 4 months at a cost of Rs. 50,000. 

ii. To borrow loan from a financial institution Rs.200,000 for 2 years at 15% interest rate p.a. loan is taken at the beginning of the year and repayable at the end of next year . 

iii. To install a pollution control device at a cost of Rs. 200,000.

iv. To pay cash dividend of Rs.30,000 in year 11.

v. To give donation of Rs.150,000 to the fully admissible sector as per tax law. It is assumed that present tax policy of the government will not change for the next 5 years. the company seeks your advice to show the effect of tax planning for reducing  tax burden of above activities . 

Required : Timing of activities to minimize tax liability .

5.(b) Mr. X is interested to invest his capital on his own business. He is in confusion whether to establish sole trading concern or private company under company act 2063. From both business transactions he is expected to earn net assessable income of Rs. 300,000 per annum. he is also planning his retirement scheme, for the purpose he wanted to contribute Rs.30,000 to citizen investment trust (CIT) .

Required: You, as tax planer, suggest him which business he has to establish with supporting calculations from the view point of minimising tax liabilities. [4+4=8]

6. Explain the provisions of business exemptions and concessions as laid down under Income Tax Act, 2058. [10]

or

(a) Mr. B Furnished the following incomes and expenditures for the previous year.

• House rent received Rs. 45,000 (net).

• Income from writing articles in Republica  Daily Rs. 20,000.

• Total income from joint investment Rs. 40,000 (B's share is 25%).

• Excess amount received with respect to investment due to exchange rate variation of Rs. 5000.

• Gift received relating to investment Rs.45000.

• Gain from investment Insurance (net) Rs.190,000.

• Royalty from books (net) Rs.42,500.

• Rent received by sub-letting room of Rs.150,000.

• He earned net assessable income from business Rs.200,000.

• Income from agriculture Rs.40,000.

• Interest from unorganized sector Rs.68,000 (net).

• Bad debts recovered (related to investment) Rs.50,000 (40% was not allowed  previously).

• Amount received for accepting investment restrictions Rs.35,000.

• Net again from disposal of non-business chargeable assets (building) of Rs.200,000.

• Gain from disposal of depreciable assets used in investment of Rs.50,000. 

He had claimed the following expenses for deduction.

• Total expenses relating to joint investment of Rs.20,000.

• House rent collection charges of Rs.3000.

• Collection charges of remuneration relating to article published in Republic Daily Rs.2000.

• Donation was given to Nepal eye hospital of Rs.10,000.

• Allowable depreciation relating to building of Rs. 15,000.

• Repairs expenses relating to building of Rs.5000. 

• Medical expenses incurred Rs.10,000 but approved by IRO only Rs.5000.

Required : Net assessable income from investment .

(b) Mr. S.a Pakistani citizen came to Nepal on 20th poush of previous year and he had declared following incomes while stayed in Nepal during the previous year .

- Net assessable income from business of Rs.300,000.

- Net assessable income from investment of Rs. 150,000.

- Winning from lottery (net) of Rs.75,000.

He claimed following expenses for deductions: 

- Donation to a Private Nursing home Rs.15,000.

- Purchase of lottery ticket of Rs.500.

Required :

i. Residential status of Mr. S

ii. Taxable income and tax liability [6+2+2=10)

7.(a) Describe the provisions of physical control system as laid down under excise act 2058.

   (b) Explain the provisions of import and export procedures as stated in custom Act 2064. [5+5=10]

8.(a) Mr. Pant is a practicing lawyer has submitted his Receipts and Payments. Account prepared on cash basis for the previous year.

Dr. Receipts and Payments Account Cr.
Receipts	Rs.	Payments	Rs.
To Balance b/d	200,000	By Purchase of computer (on 15th Bhadra)	200,000
To Legal fees (net)	340,000	By salary to staffs	50,000
To Consultation fees	200,000	By Interest on bank loan	30,000
To Commission received	50,000	By Vehicle expenses	20,000
To Gift from clients	25,000	By Domestic expenses	25,000
To Rent for house (net)	27,000	By Medical expenses (self)	15,000
To Dividend from Nepal Bank Limited (net)	38,000	By Find paid to Nepal Telecom office for late payment of telephone bill amount	5,000
To Sales of newspaper& Journals	4,000	By Office expenses	27,000
To15% bank loan	200,000	By Donation	8,000
To Gain on sale of securities	100,000	By Balance c/d	804,000
Total	1,184,000		1,184,000

Additional information:

i. Depreciation and repairs on computer is to be charged as per Income Tax Act.

ii. Vehicle was used eq1ually for personal and professional purpose.

iii. Consultation fees included Rs, 25,000 received in advance.

iv. Life insurance premium of Rs 20,000 was paid to insurance company but omitted to record in account.

Required:

i. Net Assessable income form profession

ii. Statement of total taxable income

8.(b) An importer imported certain taxable goods form outside the country paying Vat to the Nepal Government amounted to Rs,70 ,000. These goods were sole to the final customer through two businessmen i.e. wholesaler and retailer. The importer has spent Rs, 2,000 as freight and sold charging 15% margin on cost price. Both businessmen wholesaler and retailer incurred Rs. 1,500 and1,000 as carrying cost and sold to their customers charging 10% and 15% margin  on their cost price respectively. 

Required:

i. Added value of wholesaler and retailer

ii. Vat collected by government at each level of sales [4+1=5)

7

9. The following Trading and Profit & Loss Account of a company for the previous year is given below

Dr. Trading and Profit & Account Cr.
Particulars	Rs.	Particulars	Rs.
To Opening stock	200,000	By sales	3,500,000
To Purchase	1,500,000	By Closing stock	30,000
To Carriage on purchase	200,000
To Customs duty	50,000
To Gross profit c/d	1,850,000
	3,800,000		3,800,000
To Salaries for staffs	300,000	By Gross profit b/d	1,85,000
To Administrative expenses	150,000	By Discount received	30,000
To Contribution to retirement fund	40,000	By Bad debts recovered	20,000
To Staff welfare expenses	20,000	By Gain on disposal of business liabilities	50,000
To General expenses	25,000	By Gm received (business)	20,000
To Fire insurance premium	10,000	By Income from natural resources	130,000
To Sinking fund	15,000	By Rent form staff quarters	40,000
To General reserve	10,000	By Dividend (net)	38,000
To Telephone & electricity charges	40,000	By Refund of custom duty	30,000
To Loss of trading goods	10,000
To Pollutions control cost (PCC)	250,000
To Miscellaneous	150,000
To Interest on bank loan	30,000
To Fines & penalties	15,000
To Depreciation as machinery	60,000
To Donation	120,000
To Income tax paid in advance (current year)	5,000
To Net profit c/d	958,000
	2,208,000		2,208,000

Additional information:

a. Both opening and closing stock were over valued by 20% .

b. Purchase included Rs.200,000 the cost of machinery purchased on Bhadra 25th of previous year. the beginning WDV of Rs.100,000 was sold at a loss of Rs.20,000 during the previous year. Provide depreciation on it under IT Act . 

c. one fourth of the bed debts recovered was not allowed previously. 

d. forty percent of donation was given for the promotion of religious heritage and rest for pubic school . 

e. The loan was borrowed at an interest rate of 8% on 1st shrawan of previous year. the prevailing interest rate was 12% p.a.

f. Miscellaneous expenses included Rs. 40,000 actual repair expenses of the machinery . 

g. Unrecovered business loss of Rs. 20,000 for the past 5th year was to be adjusted . 

Required: 

i. Net (Assessable) Income from business. 

ii. Net (assessable) income from investment.

iii. Statement of total taxable income. 

iv. Tax liability. [10+2+2+1].

10. Tax planning is scheme where by a taxpayer can manage his cash outflow properly. Describe this statement in the light of selecting industrial setup. 

[15]

or

(a) XYZ company limited needs Rs.1,500,000 capital outlay for its future expansion programme . the company had the following financing plan to manage required capital. 

Plan 1 :	100%	equity financing
Plan 2 :	50%	equity and rest 10% debenture financing
Plan 3 :	50%	Debenture and rest 12% bank loan financing

Further information :

• Bank loan could be available within 20 days - whereas it takes two months and one month by issuing shares and debentures
  respectively. 

• It is expected that expansion work is completed within 25 days . 

• The company expected income before interest, present loss, brokerage commission is Rs. 3,500 par day . 

• Flotation cost for both issuing shares and debentures is 1.5% and brokerage charge to obtain bank loan is 2% (assumed revenue cost). 

• Present loss suffered by the company is Rs.500 per day. 

• Company falls under special group with the assets under block-D.

• Out of total capital 20% is used for working capital.

• The supplier block -D asset allowed credit for 25 days. it is also assumed that the supplier of material labour and other expenses are required to pay after 25 days. 

• Assumed 360 days in a year. 

Required: You, as a tax planner, suggest the management which financing plan is the best. 

(b) A company is interested to invest a capital outlay of Rs.6,000,000 in an industry of special nature. the company  expects the following profit before transportation cost and corporate tax.

Years	1	2	3	4	5
PBTCT (Rs)	800,000	1,000,000	1,200,000	1,400,000	1,600,000

There is not restriction from the government to establish the factory any where however, the income tax act 2058 has provided the following concessions for location at different places . there are three alternatives location viz. Katmandu, banglung and dang . 

a. No tax rebate will be allowed if factory is located at Katmandu. 

b. 30% tax rebate if located at baglung . 

c. 25% tax rebate if located at dang . 

The company would like to fix a single price for its product. the major market of the finished product would be Katmandu. All the raw materials are available locally. 

The budgeted production and sales of the factory is 30,000 units in the first years however there will be at 10% increase in production and sales per year respectively as compared to the preceding year in order to meet the targeted demand of the market. the transportation cost of finished product to Katmandu would be Rs.5 and Rs.10 respectively from Baglung and dang .

Required: As a tax planner where would you recommend to establish the factory and why ? [7+8=15]

Best of Luck

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