SEO Sai Gr. Hosp.
210505 Points
Joined July 2016
" 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 !!!