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Local Authority ITR Filing
Is local authority or municipality required to file ITR ?
Replies (11)
Yes Municipal corporation is required to file ITR 5.
Is it required to pay Income Tax ?
Yes, On whole total income @ rate piscribe + Surcharge .
It's govt organization. Still is it required to pay tax and file ITR?
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 .
Dear persons ,can my friend file ITR return 21 year now ???
But financial year for govt is different
No he can't file it now
CA Rashmi Gandhi mam for me your answer?
👍🏻👍🏻
@ Sanjay Financial year for both private and govt is April to March .
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