Apartments owners association(aop) only rent what tax rate
This query is : Resolved
27 November 2014
sir,
Apartments owners Association(AOP) Rental income only in ITR 5 I had filled when I had mentioned two members details in members information, when I had mentioned % it is calculating normal slabs, % is not mentioned it is calculating 30% which is correct normal slabs and 30% Tax i am not understanding please help me which tax rate is correct.
Apartments owners Association(AOP) Rental income only in ITR 5 I had filled when I had mentioned two members details in members information, when I had mentioned % it is calculating normal slabs, % is not mentioned it is calculating 30% which is correct normal slabs and 30% Tax i am not understanding please help me which tax rate is correct.
Amol S Joglekar
(Expert)
27 November 2014
it should be calculated at 30%
(This normal slab is applicable for trust where share of benefitiaries is determinate)
(This normal slab is applicable for trust where share of benefitiaries is determinate)
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Rupesh Jain
(Expert)
29 November 2014
it is normal slab for trust
Amol S Joglekar
(Expert)
29 November 2014
In majority of the cases the slab rate is 30 % as said above.
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