About residentail society
This query is : Resolved
AMITA.P.GODHANI
(Querist)
28 July 2017
Sir, I Have one query about Residential Society....
If such residential society is registered as Association, than such excess collection of maintenance is taxable or not ?
If taxable than under which slab?......
Amol S Joglekar
(Expert)
28 July 2017
excess collection is NOT taxable. Interest on fixed deposits if any etc. is taxable
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AMITA.P.GODHANI
(Querist)
31 July 2017
Thanks.... but it require to file ITR ?
Amol S Joglekar
(Expert)
31 July 2017
yes, return of income should be filed.
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AMITA.P.GODHANI
(Querist)
01 August 2017
Thanks......for your suggestions
AMITA.P.GODHANI
(Querist)
01 August 2017
Thanks......for your suggestions
But in ITR which income show ?
If society haven't any FD or Interest on FD....?
But in ITR which income show ?
If society haven't any FD or Interest on FD....?
Amol S Joglekar
(Expert)
01 August 2017
if there is NO any income for the Society, then ITR is NOT required to be filed.
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