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
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.