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income tax on income of state govts

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(Querist)
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.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
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.
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monish

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

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Heera Nahariya (Expert)
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.
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Murtaza I Bhagat

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

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

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

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monish (Querist)
06 January 2010 ok thanks
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