A director of a limited company is seeking clarification on the cash limits for both sales and purchase bills. Additionally, they are inquiring about the taxability of a housing society's income, specifically FD interest exceeding £50,000 and member contributions, when the society is non-trading and has a profit of £200,000.
07 November 2023
we are member of housing society in Ahmedabad Gujarat our society is non treading corporation our income is of f,d interest and member contribution and our profit is of 200000 is it taxable or not fd interest more than 50000 is texable or not