KATHMANDU, July 18: The government witnessed a budget deficit of Rs 397.87 billion in the last fiscal year due to low revenue collection amid soaring public expenditure.
An individual sold a flat and invested the taxable portion after indexation in REC bonds. LTCG must be reported in Schedule CG and any deduction claimed under Section 54EC in Part-D, serial no. 1 of Form ITR 2. TDS must also be reported in the tax payment schedule.
Products to set benchmarks for credibility and quality, strengthen domestic manufacturing.Govt proposes to rope in local steel manufacturers to start promoting Brand India steel