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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 ?
Replies (3)
Does panchayat has PAN?
yes .. they have a pan
It has PAN. It has bank account, where there is credit of such a big cash amount. So the source of income/receipts has to be given.
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