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Govt advised to collect capital gains tax from Ncell

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KATHMANDU — Finance Committee under the Legislature-Parliament on Friday issued a guideline to the Ministry of Finance to look for the capital gain tax (CGT) payment from the telecommunications service provider Ncell.

The Committee meeting took a decision that the company with registration, investment and profit made from transaction within Nepal should pay the capital gains tax in Nepal.

The Committee has also instructed the Ministry of Industry and the Ministry of Information and Communications to forward the company’s commercial plans and proposals including the capital increment only after settling the entire tax related issues.

The Committee has called for collecting the tax and is waiting for submission of the related detail, Committee Chairman Prakash Jwala said.

The committee has also decided to direct the Ministry of Industry and Ministry of Information to allow Ncell to take forward its capital increment and other commercial plans only after the company pays all its taxes.

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2 injured as bomb goes off at Ward Chair’s house

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DAMAK — An unidentified group detonated a bomb at the house of Bhim Poudel, a Ward Chairperson of the Damak Municipality Ward Number 7, last night, injuring two people including a woman.

The injured were hit by shrapnel due to the explosion. The explosion has also caused minor damages to the house which is located some 500 metres to the east of the Area Police Office, Damak.

It was a powerful explosion and it is not known who carried it out, police said.

Those injured in the incident are Semu Rai and Tilochan Pokhrel who had come to visit their relatives at the house next to Poudel’s house.

Both them who have been wounded in the hands and legs are being treated at the Lifeline Hospital in Damak. Rai is a staff at the same hospital.

Police has started an investigation into the case. Meanwhile, the Nepal Communist Party led by Netra Bikram Chand (Biplav) has today issued a press release saying those playing main role in evicting the landless squatters in the disputed market area in Damak. It had specifically named Wrad Chair Poudel and Mayor Romnath Oli.

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