Municipality or panyachet pay tax or not


04 March 2017 Please tell me panyachet can have pan card or not. If Panchayat has deposited more than 50000 in to bank so Panchayat needs pan card or not. I am also in doubt that the Panchayat can maintain their accounts or not. They can submit their accounts or not

04 March 2017 Panchayat and Municipality are govt authorities they need not pay any income tax and file ITR. No need of PAN for them for cash deposits they are allowed to deposit any amount without PAN. They maintain the accounts as per govt requirements.

04 March 2017 thanks u Sir


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Follow us


Answer Query