Income tax return of village panchayat
This query is : Open
15 February 2017
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 ?
15 February 2017
You have to explain Income Tax department that panchayat is not include in any status.
15 February 2017
Say it is Govt authority no need to file any return.
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