Railways's liability
This query is : Open
17 October 2010
Is central railway liable to pay income tax?
If no, please give the details which make it exempt!!
Thanx and cheers
If no, please give the details which make it exempt!!
Thanx and cheers
17 October 2010
No Railways are not required to pay income tax as it is a departmental undertaking. The status of railways is similar to Defense Ministry, Finance Ministry etc.
17 October 2010
THANKS
Mr Sanjay
will u please tell the section no that states that income tax is not applicable to departmental undertaking?
Mr Sanjay
will u please tell the section no that states that income tax is not applicable to departmental undertaking?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
