Pan 4th letter and 44AB

Tax queries 665 views 1 replies

Dear 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.

Replies (1)

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.


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