Corpous fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2013
WILL CORPOUS FUND (GIVEN BY THE BUILDER TO THE MEMBER FOR MONTHLY MAINTAINCE EXPENSES IN FUTURE) WILL BE TAXABLE IN HANDS OF RECIEVER OR IT WILL BE TREATED AS CAPITAL RECIEPT OR REVENUE RECIEPT
04 February 2013
Corpus Fund given to the member of a Society under redevelopment by the Developer is not taxable. It is a Capital Receipt.
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