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Section 11
To be deducted from the value of the property

(1) For the purpose of determining the tax, the following amounts received in the previous year immediately after the year in which the property of the taxpayer is to be assessed shall be deducted from the value of the property and retained as personal property:-

< p>(a) Loan taken after passing registration with bank, financial institution or any other person or organization to acquire ownership of taxable property.

(b) Amount received for life insurance or accident insurance.

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(c) Cash or kind reward received for doing any notable public service or work.

(d) Amount paid from Employees' Provident Fund.

(e) Citizens Amounts received from investment funds.

(f) Amounts received as gratuity or pension.

(g) Dividends received from domestic companies or organizations.

( h) Payment amount of the bond issued by the Government of Nepal without being subject to property tax. It will be deducted from the value of the property only if it is confirmed that it is included in the property mentioned in the property statement submitted.