Advance Tax on Functions and Gatherings
Section 236CB. Advance Tax on Functions and Gatherings - ITO, 2001
Who collects?
Owner/ manager of hall, marquee, hotel, restaurant, club, lawn, or similar venue.
Who pays?
Person arranging or holding the function.
Tax Applies On:
- Total bill of venue.
- Payment for food/ services if arranged separately.
Rate:
10% on gross amount (same for filer and non-filer)
Adjustable Tax:
Tax is adjustable against income tax liability.
Function Includes:
Wedding, seminar, workshop, concert, show, party, or similar gathering
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