The Expenditure-tax Act, 1987

The Expenditure-tax Act, 1987 is an Indian taxation law that was enacted in 1987 to levy tax on specified expenditures incurred by certain individuals and undertakings. The Act applies to any person who incurs specified expenditure, such as on entertainment, travel, and hospitality, and certain undertakings that incur such expenditure. The Act seeks to provide a framework for the levy, assessment, collection, and recovery of expenditure tax, and for the administration and enforcement of the provisions of the Act. The Act also lays down provisions for the establishment of authorities and tribunals for the purpose of hearing appeals and adjudicating disputes arising under the Act.