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Experts Exchange

Payment under rule 12

Posted by Soumen

I am a Mining(Sand) Lessee and the West Bengal State Govt. is the Lessor.

Earlier I used to pay ROYALTY, CESS AND TCS(Tax Collected at Source). But from FY 2017-18 the B.L. & L.R.O has started taking an additional PAYMENT UNDER RULE-12. The amount paid by me is 30% of the amount of Royalty I have paid.

1. What is the Payment Under Rule-12 ?
2. Whether this payment is adjustable in Income Tax Computation like TCS (Tax Collected at Source) or not ?

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Updated on : 20/05/2018 15:24:01





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