Income tax applicability to buddhist monk.

Hello Experts, 

Does buddhist monks in India need to file an Income tax?. If "Yes/No", can I please get a referece to the acts & section stating the same?. 

No source of Income. 

THanks. 

Replies (4)

If his income does not exceed basic exemption limit, no need to file Income Tax returns which is applicable to all Individuals.

Hello CA. Ankit-

Thank you for your reply. Is there any provision for expemtioin for buddhist monks or individuals serving the Gods?. Also, what is the article/section that points the exemption for income limits?.

 

No there is no exemption for Buddhist Monks or Individuals serving Gods.  The Limit of Rs. 2.5 Lacs is applicable for all Individuals . Please refer First Schedule of Finance Act, 2017 for Rates of Tax and Exemption Limits

" Does buddhist monks in India need to file an Income tax?. If "Yes/No", can I please get a referece to the acts & section stating the same?. "

"No source of Income." 

Do you mean to say they do not earn anything ???

Then why do they renounce the family? the comforts of life? the world as a whole ???

Where is the question of basic exemption limit? What source of monetary income they have?? 

The non-monetary income they earn is beyond the scope of any act..... IT/GST/Wealth/P Tax/any any act !!!

In reality what they earn in prayer/meditation ....... i.e. love, peace, bliss, power....... is beyond imagination.......

There only Cosmic Law apply...... which do not levy any tax......... Tax-Exempt !!!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details