I want to know that what type of taxes are applicable on disco & event



Admin’s Response:

You are supposed to make proper records of your receipts and payments and pay income tax on the profits of business after meeting usual business expenses. In case your receipts are tax deducted, the same can be adjusted while calculating the net income tax liability liability. You have to check if the service tax is applicable on the services being provided by you and take opinion from the service tax matter consultant so as to comply with the relevant provisions.