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Question ID : 35850

TAX AUDIT OF AGRICULTURAL PRODUCE MARKET COMMITTEE

Whether The Agricultural Produce Market committee registered as Local Authority [ exempt u/s 10(26AAB)] is liable for Tax Audit ? If yes under which section ? and which form is applicable ?

Posted by KOMAL APURV VORA on Oct 19, 2018

Filed Under DIRECT TAXES

Answer ID : 85587

Its income being exempt there is no liability to tax audit and ITR need not be filed

Posted by SIVADAS CHETTOOR on Jan 15, 2025