entry tax - Professionals - Accounting - TIK Share

entry tax


Santhosha Neeralagi

2015-07-31

sir please tell me the penalty of entry tax and how calculate entry tax for i purchsed the machiner wprthr            Rs 3335418 as on 2013 may.tell me now how much tax i  have  to pay  

Rahul Rai

2015-08-01

Hi,

What is the rate of tax applicable on your purchase. Normal rate for entry tax is 2%.

Rate of interest is 1.5% per month.

You to calculate 2% entry tax and 1.5% for every month interest.

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Mukesh Jain CA

2015-08-04

Yes. 2% is entry tax & 1.5% is interest as mentioned by Rahul.

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