Income tax return of village panchayat
This query is : Open
15 February 2017
sir.
village panchayat received a letter from income tax for non filing ITR for cash deposit more than 10 lakhs in saving account .
is it necessary to file ITR by panchayat ?
15 February 2017
You have to explain Income Tax department that panchayat is not include in any status.
CA R SEETHARAMAN
(Expert)
15 February 2017
Say it is Govt authority no need to file any return.
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