tax liability upon school buses

[navya singh]

dear sir

can be tax levied upon school buses when they are used for commercial purpose.

AI Summary

School buses used commercially face taxes; education exemption under Section 10 doesn't apply. Regulatory issues possible outside school hours. A user inquired whether school buses used for commercial purposes are subject to tax. One respondent questioned if the query pertained to service tax. Another clarified that while education is exempt from income tax under section 10, using school buses commercially does not qualify for this exemption and is taxable. A third response noted that if school buses are used commercially outside school hours, they may face regulatory issues unless specific conditions are met. The discussion concluded that applicable taxes would be levied without exemptions, though the matter remains complex.