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Railways's liability

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(Querist)
17 October 2010 Is central railway liable to pay income tax?
If no, please give the details which make it exempt!!
Thanx and cheers
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Sanjay Dugar

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Sanjay Dugar (Expert)
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.
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Shankar Shridhar

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Shankar Shridhar (Querist)
17 October 2010 THANKS
Mr Sanjay

will u please tell the section no that states that income tax is not applicable to departmental undertaking?
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