Chapter 3: The Role of Information in an Economy
Transaction costs and Information costs It is costly to bring buyers and sellers The costs associated with making exchange possible are transaction costs such as travel cost, negotiation cost, and property rights enforcement cost, and the cost of acquiring information. Transaction costs are costs of bringing buyers and sellers together. In real world markets-even those […]
Unit 2: Markets for Information Goods
Markets for Information Goods Technology changes but Economic laws do not. If you are struggling to comprehend what the Internet means for you and your business, you can learn a great deal from the advent of the telephone system a hundred years ago. But many of today’s managers are so focused on the trees of […]
Unit 1: Managerial Economics Basic
INFORMATION REVOLUTION VS. INDUSTRIAL REVOLUTION As e-commerce became all the rage in the late 1990s and as the Internet, World Wide Web, and other information technologies rapidly transformed the economic and social environment, many analysts, journalists, and scholars took the time to reflect upon the current transformations and breakthroughs and situate them in a broad, […]
Chapter 6 :Exempt Amounts, Concessions, Tax Rates And Withholding Payments
Very Short Question Answer Briefly state any two tax-exempt amounts. Two tax-exempt amounts are: Amount received by a person entitled to tax exemption privileges under a bilateral or a multilateral treaty or agreement concluded between the Government of Nepal and a foreign country or an international organization. Amount received by an individual from employment in […]
Chapter 5: Capital and Revenue
Very Short Question Answer State the expenses that are treated as capital expenditure according to Income Tax Act, 2058. Income Tax Act, 2058 has treated the following expenses as capital expenditure: Expenditure incurred for feasibility study, exploration and development of natural resources. Expenditure incurred for obtaining assets with useful life of more than 12 months. […]
Chapter 4: Quantification, Allocation and characterization of Amounts
Very Short Question Answer Describe the provision of quantification of vehicle facility as per Income Tax Act, 2058.(2073) An employer that provides motor vehicle facility to an employee or others for wholly or partly private use, should quantify the benefits in the following ways: If it is provided to employee, labour or any other individual […]
Chapter 3: Tax Accounting And Timing
Very Short Question Answer Briefly state the accounting methods to be applied by different taxpayer. The accounting methods to be applied by different taxpayers are summarized below: Persons Income Head Accounting Method Individual Sole trader/proprietor Partnership firm Company Employment, Investment Business Business, Investment Business, Investment Cash basis Cash or accrual basis Cash […]