San J (Professional ) (127 Points)
30 June 2014Dear Sir,
1]What fourth letter in pan depicts as fourth letter is ' L'
2] Is it local body? as assessee carrying NGO and even paid tax last year.
3] Turnover of NGO from Contract receipt from Central Govt more than Rs 1 crore , is NGO liable for 44AB audit , if yes then on whose name digital signature of NGO must be taken as e-filling of ITR and Audit ?
Kindly resolve the query at earliest and thanks for viewing.
CA Ashok Agrawal
(Chartered Accountant)
(60 Points)
Replied 30 June 2014
1.& 2 L stands for ' Local Authority'
3 Yes, tax audit will be applicable u/s 44AB if NGO carries on business activity.
4. In the name of Principal officer.
CAclubindia
