To date, comprehensive guidelines on accounting issues unique to Not for Profit Organizations have yet to be developed at the international level. Some pronouncements made by standards-setting bodies covering NPOs have been developed in the United States and China. In India, the Technical Guide on Accounting and Auditing on NPOs has been issued by the ICAI. However, many other countries are either practicing de-facto standards for NPOs or implementing the current pronouncements in their respective countries to NPOs which may or may not be totally apt for use in these types of organizations. Although all accounting applications are based on the same set of principles, integrating the specifications and particularities of the NPO community into the practice of accounting is vital to a uniform interpretation and analysis of financial reports across the sector. (Source: Non-Profit Sector Accounting: Issues and Recommendations from Asia Pacific Societies, 2006)
Inland Revenue Department Nepal has published the agency codes that shall be used for the collection of direct and indirect taxes for the general public's information. Each code consists of 9 numbers. There are in total 59 agency codes currently in use. From these codes, we can classify that there are four types of IRD offices currently in operation. 1) Inland Revenue Office 2) Tax Payer Service Office 3) Large Tax Payer Service Office, and 4) Medium Tax Payer Service Office When shall you use these codes? It shall be used while choosing the agency where the tax should be deposited while completing the form for depositing the taxes. Agency Code list below: S.N. Agency Code Name Address 1 305011620 Inland Revenue Office Lahan 2 305030201 Tax Payer Service office Phidim 3 305030301 Tax Payer Service office Illam 4 305030401 Tax Payer Service office Khandbari 5 305030601 ...
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