11. Deduction from value of wealth :
(1) For purposes of determining the tax, net  wealth shall be determined by deducting, from the value of the wealth, the following amounts received by the tax-payer in the year immediately before the year for which year the wealth of the tax payer is to be evaluated :-
(a) Loans borrowed from any bank, financial institution or any other person or organization by getting registered the deed to obtain ownership of the taxable wealth.
(b) Amount of which payment has been received for life insurance or accident insurance.
(c) Any cash or in-kind prizes received for having carried out any remarkable public service or work,
(d) Amount of which payment has been received from the employee’s Provident Fund.
(e) Amount of which payment has been received from the Citizen’s Investment Fund.
(f) Amount of which payment has been received for pension or gratuity.
(g) Dividend received from domestic Companies or Associations.
(h) Amounts paid for debentures so issued by Government of Nepal not being the subject to the wealth tax.
(i) Amount equivalent to the convertible foreign currency brought from a foreign country.
(2) The amounts received pursuant to Sub-section (1) shall be deducted  from the value of the wealth, only if such amounts are proved to have been  included in the wealth mentioned in the statement of wealth submitted by the tax
payer.