Entertainment tax....

504 views 1 replies
Hello Friends I have a question:- what are the tax implications of organising a rock concert with regard to entertainment tax.....??? Is there any exemption available if it the organiser is a NGO.... Please provide me full detail as soon as possible assume:- 1. if Band is taking there fee from NGO What ll be effect if if Band is not taking there fee from NGO. Please provide saction also if possible. Thank you Ashish Bhatt
Replies (1)

sec 16 (ii) is entertainment allowance...exemption only for govt employees...exemption will be least of the following...

 

1> 20%of basic salary

2>  Rs 5000

3> actual received..

 



CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register