Apartments owners association(aop) only rent what tax rate

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ARCHANA (Querist)
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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.

Amol S Joglekar

Amol S Joglekar (Expert)
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27 November 2014 it should be calculated at 30%
(This normal slab is applicable for trust where share of benefitiaries is determinate)

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Rupesh Jain

Rupesh Jain (Expert)
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29 November 2014 it is normal slab for trust

Amol S Joglekar

Amol S Joglekar (Expert)
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29 November 2014 In majority of the cases the slab rate is 30 % as said above.

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