Department of Revenue Investigation (DRI) has slapped fine worth Rs 3.7 million to Kathmandu-based Paragon Public School on the charges of evading taxes.
An official at the department told Republica that nearly a year-long investigation carried out by DRI concluded that the school evaded both the education service fee and income tax. DRI slapped a fine of Rs 1.86 million for evading education service fee, while the remaining Rs 1.85 million was imposed for dodging income tax.
The government had imposed a five percent education service fee on admission and monthly tuition fee from last year.
The penalty was slapped on the transactions of the school recorded till the fiscal year 2009/10. The fine is on the top of Rs 4.5 million that the school management had paid to the government under the Voluntary Tax Disclosure Scheme (VDIS) launched by the Maoist-led government last year.
The investigation found that though the school management was paying income taxes on a regular basis, the amount it paid was far less the amount required by the law, said an official at the department.
We found some of the transactions were not properly recorded while filing taxable transactions like rent tax, salary income tax and profit tax among others, said a DRI official.
The official further added that they were closely watching transactions of some big schools in Kathamandu and said they would take action once the initial investigation unearths some clues.
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