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Corpous fund

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Querist : Anonymous

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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
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
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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