Taxes applicable on marriage garden business
CA. Parth Sharma (CA) (82 Points)
08 August 2016CA. Parth Sharma (CA) (82 Points)
08 August 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177869 Points)
Replied 09 August 2016
Obtain Gumasta dhara, and check any taxes to be paid with local body like Municipality etc. for such events.
You will be able to declare your income from the business u/s. 44AD; at minimum 8%.
You will be liable to take registration under Service tax rules, as and when your total receipts cross Rs. 9 Lakhs; and pay service tax as it crosses 10Lakhs.
CA. Parth Sharma
(CA)
(82 Points)
Replied 09 August 2016
Is the liability of entertainment tax would arise on the same ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177869 Points)
Replied 09 August 2016
Its local tax, depends upon the local governance, thats why I said: "check any taxes to be paid with local body like Municipality etc. for such events."
You can check with the Municipality or Panchayat of your area.
From next year, by expected implementation of GST, it is anyway going to be subside.