Income Tax Expert Interview Question:

Tell me what is Entertainment Tax?

Submitted by: Muhammad

Entertainment tax is imposed on every financial transaction that is related to entertainment such as movie tickets, major commercial shows and big private festivals, amusement parks, video games, exhibitions, celebrity stage shows, sports activities etc.

As per the Indian Constitution, entertainment is included in List 2. Revenue collected from entertainment tax is reserved primarily for the state governments.
Submitted by: Muhammad