TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 4 of Expenditure-tax Act, 1987: Hotel and restaurant expenditure taxed with exemptions and amendments over years.</h1> Section 4 of the Expenditure-tax Act, 1987, imposes a tax on chargeable expenditure incurred in hotels and restaurants. From the commencement of the Act until May 31, 2003, a 10% tax applies to hotel expenditures, with exemptions for certain hotels under the Income-tax Act between April 1, 1991, and March 31, 2001, and again from April 1, 1998, to March 31, 2008. Additionally, a 15% tax was levied on restaurant expenditures from October 1, 1991, to May 31, 1992. Various amendments have adjusted these rates and periods.
TaxTMI 
TaxTMI 
