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Unit 8: Search Engines

Search Engines Search engines are a program that searches for and identifies items in a database that correspond to keywords or characters specified by the user, used especially for finding particular sites on the World Wide Web. Search engines utilize automated software applications (referred to as robots, bots, or spiders) that travel along the Web, […]

Unit 7: Advanced Applications

Web Mining In recent years the growth of the World Wide Web exceeded all expectations. Today there are several trillions of HTML documents, pictures and other multimedia files available via internet and the number is still rising. The WWW is huge, widely distributed, global information service center for news, advertisements, consumer information, financial management, education, […]

Unit 6: Information Privacy and Data Mining

Information Privacy and Data Mining Data privacy Data privacy, also called information privacy, is the aspect of information technology (IT) that deals with the ability an organization or individual has to determine what data in a computer system can be shared with third parties. Information privacy is considered an important aspect of information sharing. With […]

Chapter 14: Set-off And Carry Forward Of Losses

Very Short Questions and Answers 1. What is set off a loss? Mention the methods of setting off losses? An adjustment of losses subject to the certain rules against incomes is known as set off of losses. The three methods are: Carry forward Carry backward A combination of a method 2. Briefly state the provision […]

Chapter 13: Residential Status

Very Short Questions and Answers 1. Briefly describe the situation for an individual to be a resident individual.  The situation for an individual to be a resident individual is listed below: Whose normal place of abode is in Nepal. Who has resided in Nepal for 183 days or more during a continuous period of 365 […]

Chapter 12: Income From Investment

Very Short Questions and Answers 1. How an investment has been defined in the Act? Generally, investment refers to the purchase of an asset with the hope that it will generate income or appreciate in value in the future. Income Tax Act, 2058 has defined investment as an act of holding or investing one or […]

Chapter 10: Thriving in a new economy

Digital Economy Digital economy refers to an economy that is based on digital computing technologies, although we increasingly perceive this as conducting business through markets based on the internet and the World Wide Web. The digital economy is also sometimes called the Internet Economy, New Economy, or Web Economy. Digital economy is defined as an […]

Unit 5: Cluster Analysis

Cluster analysis A cluster is a collection of data objects that are similar to one another within the same cluster and are dissimilar to the objects in other clusters. The process of grouping a set of physical or abstract objects into classes of similar objects is called clustering. Clustering techniques apply when there is no […]

Chapter 11: Capital Gain Tax

Very Short Questions and Answers 1. Define capital gain. Capital gains (or losses) are any profits or gains (losses) arising from the disposal or transfer of capital assets. Technically, it is the excess of selling price over the cost (purchase) price of capital assets. 2. List out any three assets included under non-business chargeable assets. […]

Chapter 10: Income From Business

Very Short Questions and Answers 1. Give a brief definition of business as defined in the Income Tax Act, 2058. The Act has defined business as an industry, a trade, a profession or the like isolated transaction with a business character and includes a past, present or prospective business. 2. List out two incomes excluded […]