Hotel-Receipts Tax Act,1980

Act No : 54

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Section : Hotel-receipts tax deductible in computing total income under Income-tax Act.

21. Hotel-receipts tax deductible in computing total income under Income-tax Act. Notwithstanding anything contained in the Income-tax Act, in computing the income chargeable to income-tax under the head "Profits and gains of business or profession" in the case of an assessee carrying on the business of a hotel to which this Act applies, the hotel-receipts tax payable by the assessee for any assessment year shall be deductible from the profits and gains of the business of the hotel assessable for that assessment year.

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