01 April 2013
I have a doubt in entry no. 28 services provided by certain registered societies to members. in point (c) it is mentioned an amount exempt up to rs. 5000 per month per member
Q.IF AMT COLLECTED IS RS. 6000 PER MONTH PER MEMBER.... WHAT SHALL BE THE TREATMENT???
In few illustrations i saw that rs.1000(6000-5000) is taxable and in others i saw that entire rs. 6000 is taxable....What is the correct Treatment?????
CAclubindia
