Applied taxation focuses on the technical computation of taxable income and tax liabilities through the practical application of statutory laws. It emphasizes regulatory compliance, filing requirements, and the strategic implementation of legal deductions and credits.
The Applied Law course at the Application Level of ICAN equips students with practical knowledge of Nepalese legal systems relevant to business and professional practice. It focuses on understanding key laws, interpreting legal provisions, and applying legal principles in real-world scenarios, preparing students for advisory and compliance roles.
Definition, nature, and sources of law
Classification of law: Public law, Private law, Criminal and Civil law
Structure of Nepalese legal system
Courts, tribunals, and legal authorities
Learning Outcome:
Students will understand the foundation of Nepalese law and its application in professional contexts.
Definition and essential elements of a valid contract
Types of contracts: Express, implied, void, voidable, and unenforceable
Offer, acceptance, consideration, capacity, legality of object
Breach of contract and remedies (damages, specific performance)
Learning Outcome:
Ability to analyze contracts, identify legal issues, and recommend appropriate remedies.
Partnership Act and formation of partnerships
Rights, duties, and liabilities of partners
Company Act: incorporation, management, and types of companies
Directors’ responsibilities, corporate governance, and compliance requirements
Learning Outcome:
Students will understand business entities’ legal structure and regulatory obligations.
Sale of Goods Act: contracts, transfer of property, and risk
Warranties, conditions, and remedies in sales contracts
Law of agency: creation, duties, authority, and termination of agency
Practical application in commercial transactions
Learning Outcome:
Ability to advise on contracts, agency relationships, and commercial transactions.
Labor laws and employment contracts
Rights and duties of employers and employees
Termination, dispute resolution, and compensation
Social security and compliance under Nepalese labor regulations
Learning Outcome:
Understand legal obligations in employer-employee relationships and workplace compliance.
Intellectual property rights (IPR): patents, trademarks, copyrights
Registration, protection, and enforcement of IPR
Basic provisions of cyber law and digital compliance
Practical implications for businesses
Learning Outcome:
Students will identify and apply IPR and cyber law in professional practice.
Interaction of tax laws with commercial contracts and corporate regulations
Legal implications in taxation compliance
Dispute resolution and legal interpretation for tax matters
Learning Outcome:
Understand legal aspects of taxation and corporate compliance.
Civil and criminal procedures in Nepal
Alternative Dispute Resolution (ADR): mediation, arbitration, conciliation
Filing legal documents, claims, and appeals
Professional ethics and legal responsibilities
Learning Outcome:
Ability to navigate legal processes and provide advice on dispute resolution.
Analysis of real-life legal issues in business contexts
Drafting contracts, agreements, and notices
Application of law in professional advisory and compliance scenarios
Learning Outcome:
Enhance practical skills in legal problem-solving, drafting, and advisory roles.
By the end of this course, students will be able to:
Interpret and apply Nepalese laws relevant to business and professional practice
Draft and review contracts and agreements
Ensure compliance with labor, corporate, and commercial laws
Advise clients on legal matters in commercial transactions
Navigate dispute resolution mechanisms ethically and effectively
Introduction to Law and Legal System
Contract Law
Partnerships and Company Law
Sale of Goods and Agency Law
Employment & Labor Law
Intellectual Property & Cyber Law
Taxation and Commercial Law Interface
Legal Procedures & Dispute Resolution
Practical Application & Case Studies