Rule 5
Situation Of Reduction Of Rent
5. Situation of Reduction of Rent:
(1) In a situation of problem of the licencee to pay the rent due to the expenditure more than income or natural or unnatural situation, existence of sufficient reason to exempt the amount not exceeding 25 percent of rent and being recognized right by the Ministry of Defense, Government of Nepal, it may be exempted.
(2) Records of exemption of rent under sub-rule (1) along with the details of income and expenditure and the reasons of exemption shall be forwarded to the Office of the Auditor General, Department of Finance and Department of Income Tax of the Government of Nepal and Office of the Comptroller General within 35 days.
(1) In a situation of problem of the licencee to pay the rent due to the expenditure more than income or natural or unnatural situation, existence of sufficient reason to exempt the amount not exceeding 25 percent of rent and being recognized right by the Ministry of Defense, Government of Nepal, it may be exempted.
(2) Records of exemption of rent under sub-rule (1) along with the details of income and expenditure and the reasons of exemption shall be forwarded to the Office of the Auditor General, Department of Finance and Department of Income Tax of the Government of Nepal and Office of the Comptroller General within 35 days.