Section 21:
Hotel-receipts tax deductible in computing total income under Income-tax Act.
Notwithstanding anything contained in the Income-tax Act, in computing the income chargeable to
income-tax under the head Profits and gains of business or profession in the case of an assessee
carrying on the business of a hotel to which this Act applies, the hotel-receipts tax payable by the assessee for any assessment year shall be deductible from the profits and gains of the business of the hotel
assessable for that assessment year.