rent received by the muncipal corporation is taxable income in the hands of muncipal corporations?
rent received by the muncipal corporation is taxable income in the hands of muncipal corporations?
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
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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