Question And Answer
Subject: Taxation and Tax Audit of Government entity
Answered by:
Tags: ,
Date: August 27, 2022
Query asked by PARAS CHHAJED

A battalion of Special Armed Forces has been given a licence to operate a petroleum outlet. It has obtained PAN in the Government category (4th character of PAN is ‘G’) and then also got GSTIN.

My query is whether the said battalion of SAF is required to get its account in relation to its petroleum outlet audited u/s 44AB of the Income Tax Act and whether it is liable to file its return of income in respect of its petrol pump. If the answer is in affirmative, then which ITR will be applicable, and what would be the status and the rate of Income Tax ? If the battalion is not required to comply to section 44AB and not required t pay income tax and file return, then kindly enlighten under which provision it will be so exempt.

File Uploaded: Not Available

Answer given by

Please refer earlier answer on then subject

Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of

Leave a Reply

Your email address will not be published. Required fields are marked *