income tax on income of state govts

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monish (Querist)
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03 January 2010 is income i.e. surplus of state govts subject to income tax under income tax 1961?
please provide supporting evidences..avoid suggestions.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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03 January 2010 I dont think the state govts have a pan card or file a return. So their surplus is not subject to tax.

monish

monish (Querist)
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03 January 2010 Please provide conclusive evident replies and avoid suggestions

Heera Nahariya

Heera Nahariya (Expert)
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04 January 2010 Income tax is to be charged on income of a person.

under section 2(31) the definition doesn't covers State & Central Governments.

When any entity doesn't fall with in the ambit of the definition of person then question of imposing tax doesn't arise.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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04 January 2010 agree to heeraji

monish

monish (Querist)
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04 January 2010 can govnt not be classified under trust

monish

monish (Querist)
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04 January 2010 can govnt not be classified under trust

monish

monish (Querist)
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06 January 2010 ok thanks

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