Unless the subject or context requires otherwise, in this Act, –

(a) “property” means all kinds of movable and immovable property in the form of cash or kind and the ownership of which can be transferred and The term also refers to the bank account and investment of the taxpayer.

(b) “Tax” shall mean property tax levied or levied under this Act or prevailing laws.

(c) “Taxpayer” shall mean According to this Act or prevailing law, the person who has the duty to pay property tax or the person who has been given notice to file property details according to this Act or any other action has been taken by the tax officer.

(d) "Investment" means shares, securities. , stocks, shares, debenture and any kind of cash or gin investment made in partnership firm. Tax assessment” means temporary tax assessment, re-tax assessment and additional tax assessment. Tax officer or any other officer appointed by the Government of Nepal to exercise the authority of a tax officer in accordance with this Act. Any person who owns or owns shares in a company that openly buys and sells shares. (j) "Firm" means any firm registered or unregistered according to the prevailing law.

(l) "Prescribed" or "as prescribed" means prescribed or prescribed in the rules made under this Act.