Lbt?
This query is : Resolved
Sarthak Abhyankar
(Querist)
15 May 2013
Sir,
Can you please tell me details about LBT(Local Body Tax). Its applicability, procedure for payment and if required to file return??
Thanks
Can you please tell me details about LBT(Local Body Tax). Its applicability, procedure for payment and if required to file return??
Thanks
Pradeep Agarwal
(Expert)
15 May 2013
In mumbai it is applicable from October 2013. It is tax payable on purchase. Every assesse whose turnover is above 1 lac is covered under LBT.
Pradeep Agarwal
(Expert)
15 May 2013
For further clarification kindly visit https://www.caclubindia.com/articles/understanding-lbt-government-17542.asp
02 July 2013
As there was agitation by the traders and as the agitation was for more than 35 days the Govt. cannot impose this tax for next 3 years as there was some old notification
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