Income from other sources
This query is : Resolved
Querist : Anonymous
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.
Thanks.
17 December 2014
yes in case they are exclusively for society official purpose
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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