KATHMANDU, April 17 -- Large Taxpayers' Office (LTO) has assessed the tax amount of Ncell buyout and asked the company on Tuesday to pay the remaining capital gains tax (CGT) amounting to Rs 39.06 billion, which includes interest and fine, within seven days.

LTO made its final assessment of the CGT on the sale of the company that took place three years ago after the Supreme Court issued a verdict on the matter last week. The total payable has been fixed at Rs 62.63 billion including fines and interest. The total CGT has been fixed at Rs 35.91 billion and fine and interest at Rs 18.33 billion and Rs 8.39 billion respectively. The company has already paid the government a total of Rs 23.57 billion in two installments.

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