Income tax on co op society
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2016
Dear Sir,
I am a member of Co op Hsg society, our society is having rent from hording Rs.962000/- p. a. plus membership of Rs. 250000. Hording company deducting tds @ 10% i.e. Rs. 96200/-.
Our Auditor is Booked tds Receivable as Expenditure.
Please any one guide whether we can claim the refund for this TDS Receivable instead of Booking it as Expenditure.
Thanks in advance
I am a member of Co op Hsg society, our society is having rent from hording Rs.962000/- p. a. plus membership of Rs. 250000. Hording company deducting tds @ 10% i.e. Rs. 96200/-.
Our Auditor is Booked tds Receivable as Expenditure.
Please any one guide whether we can claim the refund for this TDS Receivable instead of Booking it as Expenditure.
Thanks in advance
18 February 2016
Can seek refund by filing income tax return.
18 February 2016
The income from rent of the hoarding is taxable in the hands of Housing Society. While filing the income tax return, the credit for the TDS of 96200 can be availed.
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Condonation . E-Verification of last year return .
- Management System (IMS)
- TDS Return Q1 FY 2026-27
- EPF FULL & FINAL RULES IN 2026
- Eway bill generation from place other than registeted
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
