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Income from other sources

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2014 Can a co-operative housing society can claim expenses like security, electricity, lift maintenance etc. from Interest Income on FD ??

Thanks.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 December 2014 yes in case they are exclusively for society official purpose
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 December 2014 Cannot claim since the said expenses will not fall under section 57(iii)of the Income tax Act,1961.
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