You are viewing the translated version of छुट, सुविधा र सहुलियत.
Section 78
Exemptions, Concessions and Concessions
: (1) Regardless of what is written in the prevailing law, the co-operative organization shall receive the following exemptions, concessions and concessions :-
(a) Co-operative organizations shall not register any document related to business except immovable property.
(b) When a cooperative organization buys immovable property including land required for the construction of its office and service center, no income stamp duty or registration fee will be charged. But,
(1) When buying immovable property including land for commercial purposes, income stamp duty or registration fee will be charged according to the prevailing law.
(2) If the land purchased with registration fee exemption is sold without using the real estate, the exemption registration fee must be returned.
(c) No fee shall be charged when the co-operative organization invests the loan or passes the pledge on the land held as security.
(2) Regardless of what is written in the existing law, the amount allocated by the cooperative organization to the reserve fund as per clause (a) of sub-section (2) of section 68, capital return fund protected as per sub-section (2) of section 69 and sub-section (2) of section 70 Income tax will not be charged on the amount deposited in the cooperative promotion fund. But the tax liability of the member on the amount received by the member from the protected capital return fund shall be in accordance with the prevailing law.
(3) The Government of Nepal may, by publishing a notice in the Nepal Gazette, exempt the customs duty or value added tax on machinery, industrial and agricultural machinery, equipment, spare parts, raw materials and means of transportation imported by cooperative organizations for their own use in accordance with the prevailing law.
(4) The Government of Nepal may, by publishing a notice in the Nepal Gazette, grant a partial or full exemption from the excise duty or value added tax levied on the goods produced by the cooperatives in accordance with the prevailing law.
(5) The Government of Nepal published a notice in the Nepal Gazette and gave exemptions to the export tax levied on such goods while exporting the goods produced by the cooperatives and to the industry.According to the prevailing law, export cash subsidy can be given.
(6) In addition to the exemptions mentioned in this section, cooperative organizations doing industrial business shall be granted the same concessions and facilities as provided by the industry in accordance with the prevailing law and the construction and operation of infrastructure structures or cooperative organizations conducting special industry, business or service as provided by such industry, business or service in accordance with the prevailing law. And protection will also be received.
(7) Promotion of cooperative farming or self-employment based on members' labor or skills by the Government of Nepal, the provincial government or the local level of disadvantaged rural women, persons with disabilities, free earners, free youths, landless farmers, unemployed, workers and marginalized groups including Dalits and minority tribes. Any tax levied in accordance with prevailing laws can be partially or fully exempted, seed capital, cost participation grants, concessional loans and other special financial facilities and technical support can be provided.
(8) If the sick public or private industry is co-operative and the workers want to re-operate under their own ownership, the Government of Nepal shall, considering the nature of the industry, maintain seed capital, grants, loans or subsidized loans in a reasonable proportion to transfer the ownership or provide tax exemption, guarantee or appropriate assistance in the transfer of private ownership. Can encourage.
(9) The Government of Nepal publishes a notice in the Nepal Gazette to share participation, infrastructure construction land or acquisition of land and payment of compensation, partial or full excise duty or value added tax to large cooperative commercial projects, including cooperative industrial villages, market places, operating in the framework of a specialized association. Discounts and other facilities can be provided.
(10) The procedure for obtaining exemptions, facilities and concessions under this section shall be as prescribed.
(a) Co-operative organizations shall not register any document related to business except immovable property.
(b) When a cooperative organization buys immovable property including land required for the construction of its office and service center, no income stamp duty or registration fee will be charged. But,
(1) When buying immovable property including land for commercial purposes, income stamp duty or registration fee will be charged according to the prevailing law.
(2) If the land purchased with registration fee exemption is sold without using the real estate, the exemption registration fee must be returned.
(c) No fee shall be charged when the co-operative organization invests the loan or passes the pledge on the land held as security.
(2) Regardless of what is written in the existing law, the amount allocated by the cooperative organization to the reserve fund as per clause (a) of sub-section (2) of section 68, capital return fund protected as per sub-section (2) of section 69 and sub-section (2) of section 70 Income tax will not be charged on the amount deposited in the cooperative promotion fund. But the tax liability of the member on the amount received by the member from the protected capital return fund shall be in accordance with the prevailing law.
(3) The Government of Nepal may, by publishing a notice in the Nepal Gazette, exempt the customs duty or value added tax on machinery, industrial and agricultural machinery, equipment, spare parts, raw materials and means of transportation imported by cooperative organizations for their own use in accordance with the prevailing law.
(4) The Government of Nepal may, by publishing a notice in the Nepal Gazette, grant a partial or full exemption from the excise duty or value added tax levied on the goods produced by the cooperatives in accordance with the prevailing law.
(5) The Government of Nepal published a notice in the Nepal Gazette and gave exemptions to the export tax levied on such goods while exporting the goods produced by the cooperatives and to the industry.According to the prevailing law, export cash subsidy can be given.
(6) In addition to the exemptions mentioned in this section, cooperative organizations doing industrial business shall be granted the same concessions and facilities as provided by the industry in accordance with the prevailing law and the construction and operation of infrastructure structures or cooperative organizations conducting special industry, business or service as provided by such industry, business or service in accordance with the prevailing law. And protection will also be received.
(7) Promotion of cooperative farming or self-employment based on members' labor or skills by the Government of Nepal, the provincial government or the local level of disadvantaged rural women, persons with disabilities, free earners, free youths, landless farmers, unemployed, workers and marginalized groups including Dalits and minority tribes. Any tax levied in accordance with prevailing laws can be partially or fully exempted, seed capital, cost participation grants, concessional loans and other special financial facilities and technical support can be provided.
(8) If the sick public or private industry is co-operative and the workers want to re-operate under their own ownership, the Government of Nepal shall, considering the nature of the industry, maintain seed capital, grants, loans or subsidized loans in a reasonable proportion to transfer the ownership or provide tax exemption, guarantee or appropriate assistance in the transfer of private ownership. Can encourage.
(9) The Government of Nepal publishes a notice in the Nepal Gazette to share participation, infrastructure construction land or acquisition of land and payment of compensation, partial or full excise duty or value added tax to large cooperative commercial projects, including cooperative industrial villages, market places, operating in the framework of a specialized association. Discounts and other facilities can be provided.
(10) The procedure for obtaining exemptions, facilities and concessions under this section shall be as prescribed.