A municipal corporation constituted under a State municipal law is a 'person' under section 2(77) of the Income-tax Act, 2025. Under which class is it assessed?

Section 2(77)(f) of the Income-tax Act, 2025 lists a local authority as a class of person, and a municipality is the standard example of one. The class of artificial juridical person in section 2(77)(g) is residual and covers only bodies not falling within the earlier clauses, so it does not apply to a municipality.