Facilities of IT 2000

Things to remember

• A venture capital fund shall be established by utilizing capital market with the joint investment of Government and the private sector.
• Software may be directly depreciated for the purpose of income tax , whereas equipment relating to information technology may be allowed an accelerated depreciation for two years.
• As Nepali nationals working abroad can play an important role in the technology transfer and market promotion in this sector, they shall be encouraged to invest their foreign currency earning in this sector.