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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- GST ON DAMAGED GOODS
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- 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
