Aop

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2012 what are tax provisions applicable to AOP
IS LIKE fLAT OWNERS ASSOCIATION AS THEY ARE COLLECTING FROM MEMBERS FOR MAINTENANCE AND ALSO HAVING FDR IN BANKS ,SHOULD WE FILE INCOME TAX RETURNS IF SO WHAT ARE EXEMPTIONS AVAILABLE can I avail the exepmtion u/s 44A OR ANY OTHER SECTIONS ARE AVAILABLE TO CLAIME ANY EXEMPTION

08 May 2012 AOP : no basic exemption limit. Tax rate is 30%. ALways advisable to file return for the INCOME.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2012 thank you
what about section 44A CAN I AVAIL EXEMPTION UNDER THIS SECTION FOR FLAT OWNERS ASSOCIATION


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