Clarification on applicability of the Expenditure-tax Act, 1987

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..... commodation at the time of incurring of such expenditure are Rs.1,200 or more per day per individual. (up to June 1, 1992, the Act was applicable to chargeable expenditure incurred in a hotel having room charges at Rs.400 or more per day per individual). The computation of room charges is used for the determination of applicability of the Expenditure-tax Act to any particular hotel. The Board .....

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..... arges", it will not be considered as a part of the chargeable expenditure for the purpose of section 5 of the Expenditure- tax Act. (Sd.) M.N. Dikshit, Director (OT), Central Board of Direct Taxes. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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