Section 24
Determination Of Development Tax
(1) The development tax shall be collected in an amount to be set by the following percent of the price of a
land in a region or area set for the payment of compensation in acquiring the land pursuant to Section 5:
(a) 20 per cent for a land of portion “a”,
(b) 10 per cent for a land of portion “b”.
Illustration: In acquiring a land in a region or area, compensation has been paid by setting the price of the land at the rate of Rs. 5,000.00 per Ropani, and out of a total of One and half Ropani of the land of a person
subjected to tax in such a region or area, half Ropani land falls within portion “a” and One Ropani within portion “b”, the amount of development tax required to be paid by that person pursuant to this Section shall be as
follows:
Rs. 500.00 by 20 per cent of half Ropani falling within portion “a”
Rs. 500.00 by 10 per cent of One Ropani falling within portion “b” Total Rs. 1,000.00
(2) Notwithstanding anything contained in Sub-section (1), if the Government of Nepal considers necessary to reduce the rate of the development tax leviable on a land or make exemption from the
development tax levilable on the land, in consideration of the situation of the land or for any other reasons, it may, by a Notification in the Nepal Gazette, reduce the rate of the development tax or make exemption from
the development tax. The Government of Nepal shall also take into account of the recommendation of the compensation fixation committee in relation to the reduction of the rate of the development tax or make exemption from the development tax.
land in a region or area set for the payment of compensation in acquiring the land pursuant to Section 5:
(a) 20 per cent for a land of portion “a”,
(b) 10 per cent for a land of portion “b”.
Illustration: In acquiring a land in a region or area, compensation has been paid by setting the price of the land at the rate of Rs. 5,000.00 per Ropani, and out of a total of One and half Ropani of the land of a person
subjected to tax in such a region or area, half Ropani land falls within portion “a” and One Ropani within portion “b”, the amount of development tax required to be paid by that person pursuant to this Section shall be as
follows:
Rs. 500.00 by 20 per cent of half Ropani falling within portion “a”
Rs. 500.00 by 10 per cent of One Ropani falling within portion “b” Total Rs. 1,000.00
(2) Notwithstanding anything contained in Sub-section (1), if the Government of Nepal considers necessary to reduce the rate of the development tax leviable on a land or make exemption from the
development tax levilable on the land, in consideration of the situation of the land or for any other reasons, it may, by a Notification in the Nepal Gazette, reduce the rate of the development tax or make exemption from
the development tax. The Government of Nepal shall also take into account of the recommendation of the compensation fixation committee in relation to the reduction of the rate of the development tax or make exemption from the development tax.