rent received by the muncipal corporation is taxable income in the hands of muncipal corporations?
Menu
Muncipal corporation
Replies (4)
No income tax liability on Municipal/Government bodies.
sir would u please quote under which provission there is no tax liability? thanking you
You may refer section 10(46) of IT act. 1961 for more details
Thank you very much for the information sir
Recent Topics :
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
Related Topics :
CAclubindia
