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Expenditure-tax Act,1987

Act No : 35


Section : Charge of expenditure-tax.

4. Charge of expenditure-tax. Subject to the provisions of this Act, there shall be charged on and from-- (a) the commencement of this Act, a tax at the rate of twenty per cent. 5*[ten] of the chargeable expenditure incurred in a hotel referred to in clause (1) of section 3: Provided that nothing in this clause shall apply in the case of a hotel referred to in clause (ii) of sub-section (5) of section 80-IA of the Income-tax Act during the period beginning on the 1st day of April, 1991 and ending on the 31st day of March, 2001; (b) the 1st day of October, 1991, 6*[but not after the 31st day of May 1992] a tax at the rate of fifteen per cent. of the chargeable expenditure incurred in a restaurant referred to in clause (2) of section 3.


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