Amount collected towards maintenance

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2011 Amount collected by the residential association towards common expenses should be chargeable to Tax under which head
1.65(105)(25a)- club or association or
2.65(105)(64)Management,Maintenance or repair

17 November 2011 None of the above.

17 November 2011 The property is being used for residential purpose and not for commercial purpose so these clauses should not be applicable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2011 Act does not speak about commercial usage


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