Assignment on Basic Concepts of Taxation

Instruction to Learners:
 Assignment should be solved and presented in a single word file or a pdf.
 Kindly email the assignment at pokhrelmira01@gmail.com.
 It should be submitted by Friday, 30th November 2018.

Please answer the following questions:

1. What is tax and taxation?
2. What are the objectives of taxation?
3. Classify tax into different types with examples.
4. Explain the concept of capital and revenue expenditure.
5. Questions on residential status: (Take 30 days in an month for simplicity of calculation)
A. Mr. Adam, a citizen of New Zealand came to Nepal on 10thBhadra2072 and
returned back to New Zealand on 30thAshad 2073. What is the residential status of
Mr. Adam for the Income Year 2072/73 as per Income Tax Act, Nepal?
B. Ms. Jessica, a citizen of Canada came to Nepal on 10thAshad 2073 and returned
back to Canada on 20thPoush 2073. Determine residential status of Ms. Jessica for
the Income year 2072/73 and 2073/74.