Housing society taxation
This query is : Resolved
Quick Summary
08 March 2022
If housing society earns interest on FDs with nationalised banks; can expenses like maintenance be deducted from said FD interest income????
08 March 2022
For housing societies maintenance charges are deductible from the contribution received from its members, and need not be deducted against any FD interest income.
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15 March 2022
Sir; if members contribution is less & expenses more, can this loss be claimed as business loss & set off against income from other source ??
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