Royalty on Sand
Maheshkumar Sharma
(Querist) 05 August 2011
This query is : Resolved
Hello all,
In maharashtra one have to pay royalty in excavation and use of natural resources like sand, mumrum,etc.
Can anyone tell me with reference of Legal provisions, whether Royalty is a Tax or what?
prabhakar singh
(Expert) 05 August 2011
repeated query,royalty is income and not tax.
mahendrakumar
(Expert) 05 August 2011
royalty is not tax.It is a levy/fees paid