Unit 1: Introduction to Taxation  (2 LHs) 
Meaning and objectives of tax; Classification of taxes: direct and indirect tax with merits  and demerits; Canons of taxation.

Unit 2: Taxation of Income in Nepal (4 LHs) 
Historical background of evolution of income tax in Nepal; Features of Income Tax Act,2058; Definition of basic terms under Income Tax Act; Tax accounting and timing accounting based  on cash, accounting on accrual basis, quantification, allocation andcharacterization of amounts; Classification and status of assesse (Taxpayers): naturalperson and entity, resident and non-resident, single and couple; Heads and sources ofincome: concepts, classification: income from employment, income from business,income from investment, casual gain, sources of incomes: domestic and foreign. Tax Actwith other laws: Constitution, Tax Act, Tax rule, Finance Act, Legal precedentsestablished by court;Concepts of Presumptive taxation, Turnover taxation, Personal Income Tax (PIT),

Unit 3: Income from Employment (9 LHs) 
Concept of employment, Features of employment income, Chargeable Income under thehead of employment; Non - taxable/non chargeable income; Valuation of perquisites;Allowable reduction; Exemptions; Tax credit; Tax rate; Computation of assessableincome; Taxable income; Tax liabilities and payable.

Unit 4: Valuation of Stocks, and Depreciation (2 LHs) 
Methods of stock valuation, Adjustments of over and under valuation of stocks;Calculation of cost of trading stocks; Assets pooling system of depreciation, Calculationof depreciation basis and allowable depreciation; Provisions for unabsorbed pollutioncontrol cost, research and development cost Provision for repairs and maintenance cost; Provisions of additional depreciation allowance.

Unit 5: Income from Business (10 LHs)
Concept of business income; Concepts of capital and revenue incomes and expenses;Chargeable and non-chargeable incomes from business; Deductible and non-deductible    expenses; Assessable income from sole proprietorship business and profession other than entities; Set-off and Carry forward of business loss.

Unit 6: Income from Investment (4 LHs)
Concept of investment income; Difference between investment and business; Chargeableand non-chargeable incomes from investment; Deductible expenses and non-deductible
expenses; Taxation on Capital Gain: tax on gain on sale of shares and non-business, land and building; Investment income from domestic sources and foreign sources; Assessable
income from investment, taxable income, Tax liability and tax payable for individual taxpayers other than entities. Set-off and carry-forward of investment losses;

Unit 7: Total Assessable income tax liability and tax payable (3 LHs)
Concepts of statement of total assessable income and taxable income; Allowablereductions: Exemption; Progressive slab rates and flat rates; Tax credit: Foreign taxcredit, Medical tax credit; Tax concessions; Adjustments of advance tax; Tax deductionat source (TDS); Computation of total assessable income Taxable income and tax payablewith sole proprietorship business and profession other than entities.

Unit 8: Tax Administration and Official Documentations (3 LHs) 
Tax authorities and their powers, rights and duties; Rights and duties of a taxpayer;Documentation, record keeping and information collection; Income return and taxassessment; Payment, collection (recovery/realization), remission, refund and set-off;Penal Provision; Provision of fees and interest; Provision of penalties for offences;Administrative review and appeal.

Unit 9: Value Added Tax (5 LHs) 
Concept of value added tax (VAT); Origin and evolution of VAT; Principle governingVAT; Types of VAT; Method of computing VAT; Method of collection/realization andrefund of VAT; Penalties and appeal; Threshold limit and rate of VAT; PermanentAccount Number and VAT number; Abbreviated invoice and VAT invoice.

Unit10: Auditing (6 LHs) 
Meaning, scope, objectives and advantages of auditing, accounting, auditing andinvestigation, Errors and frauds: concepts, types, detection and prevention of errors and frauds, Concept of internal control: Internal auditing and internal check; Basic conceptsof audit plan, vouching, verification and valuation. Concept, contents and types of auditreport. Concept of tax audit.