Section 12A: Expenses on heritage protection and sports development

In computing its taxable income in any income year, any company may make a claim to subtract an amount not exceeding ten lakh rupees or an amount to be set by ten percent of the assessable income, whichever is the lesser out of the expenditure made by it in that year in the protection and preservation of historical, religious and cultural heritage in Nepal or in the construction of public physical infrastructure of sports, upon prior approval of the Department.