TaxTMI 
TaxTMI 
tax liability upon school buses
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....ax liability upon school buses<br> Query (Issue) Started By: - navya singh Dated:- 19-9-2016 Last Reply Date:- 27-9-2016 Income Tax<br>Got 4 Replies<br>Income Tax<br>dear sir can be tax levied upon s....
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....chool buses when they are used for commercial purpose. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you meant for service tax? Reply By Ganeshan Kalyani: The Reply: The subject refers given....
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.... an extention as income tax. The activity of imparting education is exempt from income tax under section 10 of Income tax act. But the activity of providing bus for commercial purpose is not within th....
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....e activity of education. It cannot claim the benefit of income tax exemption. It is taxable. However I welcome views of experts. Thanks. Reply By YAGAY AND SUN: The Reply: If school buses are used f....
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....or commercial purpose then these buses can be seized/confiscated/impounded by RTO untill unless commercial buses are hired by the School for specific time period on daily basis say 6:00 am to 4:00 p.m....
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..... daily except Sundays and after 4:00 pm. if used commercial purpose then RTO should not have any objection. However, as per the guidelines of education department such buses must be painted in Yellow....
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.... colour if used by Schools. Matter is bit complicated. But in nut shell applicable taxes would be leviable and there would not be any exemption. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Still the....
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.... querist has not clarified his intention.<br> Discussion Forum - Knowledge Sharing ....