Whether Interest on CST allowable under Sec.40(a) or not?

Housing/Resident welfare societies are taXed as AOP.
can any body share their exp./KNOWLEDGE-- on income taxation of an AOP ?.
i know AOP is taxed as an individual only. but it is taxed at the highest rate of tax slab like 30%? ,BECAUSE -i find under IT sec 167 B-if share of members in AOP is indeterminate- then only highest marginal rate of tax is applicable to AOP ie..30%.
so ANY res.welfare society being AOP is also taxed at highest rate of tax slab applicable to individuals.
did any res.welfare society experience this? pl. share how u r fighting the same AND WHAT R YOUR GROUNDS OF DEFENCE if any?or confirm that u already paid tax @30%?
what ITR form no.is filed by Res.Welfare society? ITR4 OR ITR5?
DOES THE ITR FORM NO. MAKE ANY DIFFERENCE?
PL. REPLY .WAITING TO HEAR SOON.
RGRDS AND THNKS,
R.V.RAO mail id - raovr2001@yahoo.com
9849436267 (MOBILE)

I have completed M.Com and B.com thru Open University (OUS) from 10th Std. I would like to do pursue my career in CA.

Else, I shall do my Higher Secondary and then to pursue CA (as higher secondary if compulsory).

Pls guide

Thanks.Balaji

hello boss, i have registered for the cwa intermediate on online mode for postal coaching and i have received study material but not test papers for postal coaching.i have phoned the institute many times regarding this,but no reply.please someone tell me what to do.thank you in advance

What is the Password to open TDS justification report (Zip file) downloaded from TRACES Site.

please give me solution of it&sm of ipcc may2013

Dear sir,

Iam downloading excel utility for filing the service tax from July to Sep after filling all sheets Iam click the "validate return" the error msg showing Service tax payable (29412) in payable- service sheet not matching with service tax paid (14769). because Iam adjusting the cenvat credit. Can I can submit the return with this error ?Please tell how can i proceed further

i submit a return for ay 2012-2013 of assessee who have salary and share market profit and itr used was 4.now this return has been intimated as defective u/s 139(9) by it deptt.can i submit new return in itr 2 treating the share market profit as capital gain.

what is reverse tax mechanism

Matters
1. There is 2 Partnership Firm as IMI and TTE
2. Where A, B, C, & D is partner of IMI and W, X, Y & Z in TTE
3. W has purchase a land with building (Residential House) in the year of 2004 and now in 2012 "W" transfer such property to his wife "A" by settlement dead in consideration of natural love and affection. And same is registered.
4. Now "A" want to give such property by lease deed to IMI firm where she is a partner.

Question??
1. Is this asset taxable in the hands of "W" (Transferor) as per Section 4(1)(a)(i) of Wealth Tax Act?
2.The income from such property will be clubed in the hands of "W" as per Sec 64(1)(iv) or not.Please suggest.
3. As per Section 22 house property, "W" should be deemed owner of the property and income from such house property will be taxable in the hands of W. Is this correct?
4. If A transfer such property to IMI by lease dead with consideration of Rs.40lac for 40 years. Is it called transfer under section 2(47) Capital Gain? Is it consider as capital contribution and taxable under section 45(3),(4)?
5. Is it possible to return back such property to his husband "W"?
6. Also provide other tax impact?
Its urgent.