Analyzing Business Expenses Deduction Available to Surya Nepal Pvt. Ltd

Last modified: December 28, 2021
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Project Title: Analyzing Business Expenses Deduction Available to Surya Nepal Pvt. Ltd
Author: Ms. Palak Singh Rathour
Advisor: Aj. Somsak Nontaganok
Degree: Bachelor of Business Administration (International Program)
Major: Finance and Banking
Faculty: Business Administration
Semester / Academic year: 2/2020

Citation

Singh Rathour, Palak. (2020). Analyzing business expenses deduction available to Surya Nepal Pvt. Ltd. (Cooperative Education). Bangkok: Siam University.


Abstract

This Cooperative report entitled “Analyzing business expenses deduction available to Surya Nepal Pvt. Ltd” has the goal to examine the operational system and financial strategies used by a multinational company. Objectives of the study include: (1) to understand the Income tax act of Nepal. (2) to implement the knowledge gained and understanding about the deductible expenses of Income tax act. (3) to gain the knowledge and help execute strategies, operations smoothly for the tax department. The company Surya Nepal Private Limited which is an Indo-Nepal-UK joint venture, now the largest private sector enterprise in Nepal and a subsidiary of ITC limited India, I was assigned to work as Researcher and was responsible for working in the department of tax and legal during the period 17 September, 2020 to 17 January, 2020. The main responsibilities included duties like understanding the business expenses and deductible expenses, getting an idea for claiming business expenses, knowing the Income act law of Nepal from the Inland Revenue Department, Cases analysis of different countries, doing comparison with Indian tax regime and many more. Various issues arose throughout the internship, but excellent advice and supervision from the supervisor made this experience great and educational. As a person, I’ve learnt a lot more about work ethics and have been able to improve my communication and interpersonal skills, which are crucial for job advancement and profession.

Keywords:  Deductible expenses, Income tax act, learning, knowledge.


Analyzing Business Expenses Deduction Available to Surya Nepal Pvt. Ltd

Faculty of Business Administration, Siam University, Bangkok, Thailand

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