Luxury tax
This query is : Open
Archana Das
(Querist)
06 September 2012
hi...
My sir has given me a task to vouch luxury tax can anyone plz tell me how do i do it?? it's of rooms in a hotel in delhi. Plz answer asap..
thanks..in adv
My sir has given me a task to vouch luxury tax can anyone plz tell me how do i do it?? it's of rooms in a hotel in delhi. Plz answer asap..
thanks..in adv
06 September 2012
Luxury Tax is tax on Hotel Rooms Rent and it is levied by the State Government,
First of all you decide the scope of Audit,
Whether it is internal audit or a Statutory audit.
If it is Internal Audit, you have to check the bills with the books and whether the % of Tax is right and is there any cases where the Luxury Tax has been not charged.
In case of statutory audiit:-
There will be a list of Luxury Tax Collected and will be given in a Separate Annexure while submitting the return...therefore you can collect that annexure so that you will get an overall luxury tax payable for the month, and you can verify in the bank statement whether it has been paid.
and the list can be verified with the book entries whether they had been accounted properly.
There may be a situation, that they may extract the details from the book itself and in that case you may not able to find any difference.
First of all you decide the scope of Audit,
Whether it is internal audit or a Statutory audit.
If it is Internal Audit, you have to check the bills with the books and whether the % of Tax is right and is there any cases where the Luxury Tax has been not charged.
In case of statutory audiit:-
There will be a list of Luxury Tax Collected and will be given in a Separate Annexure while submitting the return...therefore you can collect that annexure so that you will get an overall luxury tax payable for the month, and you can verify in the bank statement whether it has been paid.
and the list can be verified with the book entries whether they had been accounted properly.
There may be a situation, that they may extract the details from the book itself and in that case you may not able to find any difference.
SANYAM ARORA
(Expert)
06 September 2012
Thanks for the reply even i was looking for it
Archana Das
(Querist)
06 September 2012
thank you but is checking the amount the sole poin?? isnt thr anything else to be checkd????
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- Oct 2025 Invoices
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Non filing of I T Returns
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
