Rule 7
Payment Of Tax
7. Payment of tax:
After assessing the figure of wealth tax leviable on the house and land or foreign investment of any person pursuant to Rule 6, the Wealth Tax Officer has to give the tax assessment order, accompanied by the dispatch letter (chalani) to that person, thereby requiring such person to deposit the assessed figure of amount with the Nepal Rastra Bank(central Bank), if that Bank is situated near by and with the Revenue Office, if that Bank is not situated and also give a written notice thereof to that Bank or Revenue Officer. After the amount of tax has been deposited as per the order, the Bank or Revenue Office has to send one copy of the receipt thereof to the Wealth Tax Office. If the amount of wealth tax be not deposited within the time-limit, the Wealth Tax Officer has to send a notice to the concerned Revenue Office to realise the tax from the concerned wealth owner by confiscating has property pursuant to the Act.
After assessing the figure of wealth tax leviable on the house and land or foreign investment of any person pursuant to Rule 6, the Wealth Tax Officer has to give the tax assessment order, accompanied by the dispatch letter (chalani) to that person, thereby requiring such person to deposit the assessed figure of amount with the Nepal Rastra Bank(central Bank), if that Bank is situated near by and with the Revenue Office, if that Bank is not situated and also give a written notice thereof to that Bank or Revenue Officer. After the amount of tax has been deposited as per the order, the Bank or Revenue Office has to send one copy of the receipt thereof to the Wealth Tax Office. If the amount of wealth tax be not deposited within the time-limit, the Wealth Tax Officer has to send a notice to the concerned Revenue Office to realise the tax from the concerned wealth owner by confiscating has property pursuant to the Act.