Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2016
the group of some persons like about to 40 join together & then decided to contribute 1000/- p.m per person.
a proposal is given that the money will be used to help the members of the group at the time of need at the lower rate of interest 7 said interest will be divided between such members.
they want to do theses through a bank account not by cash, my question is that what will be the taxation of such group & under whom name the bank account will be open.
a proposal is given that the money will be used to help the members of the group at the time of need at the lower rate of interest 7 said interest will be divided between such members.
they want to do theses through a bank account not by cash, my question is that what will be the taxation of such group & under whom name the bank account will be open.
21 December 2016
The group will be assessed as Association of persons.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
