Local Authority ITR Filing
Eswar Reddy S (CFO- at NHTF) (58275 Points)
17 June 2022
Is local authority or municipality required to file ITR ?
11 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14857 Points)
Replied 17 June 2022
Yes Municipal corporation is required to file ITR 5.
prasad Nilugal
( GST Practitioner & Accounts )
(14857 Points)
Replied 17 June 2022
Yes, On whole total income @ rate piscribe + Surcharge .
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 17 June 2022
It's govt organization. Still is it required to pay tax and file ITR?
prasad Nilugal
( GST Practitioner & Accounts )
(14857 Points)
Replied 17 June 2022
Check out last year Fiance Act 2021 and this year Finance Act 22 copy ( every year tax is applicable) for certain exemption , rate and surcharge etc , you refer Finance Act .
MPR Sanjay Kumar
(3142 Points)
Replied 17 June 2022
Dear persons ,can my friend file ITR return 21 year now ???
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 17 June 2022
But financial year for govt is different
CA Rashmi Gandhi
(Chartered Accountant)
(86439 Points)
Replied 18 June 2022
@ Sanjay Financial year for both private and govt is April to March .
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