Section 6 : Assessable income

Subject to this Act, the following incomes earned by any person for any business, employment, investment or windfall gain in any income year shall be considered assessable income:

a) Income earned by any resident person from his employment, business or investment in that income year, irrespective of the place of his source of income and

b) Income earned in that income year by any non-resident person from employment, business or investment having an income source in Nepal.

Provided that the assessable income shall not include any income exempted from tax pursuant to section 11 or 64.