Status for Building Association
This query is : Resolved
26 April 2010
One of my client wants to create association for maintenance of his builidng. I want to know the income tax status under which I can apply for PAN card. Also let me know the format of deed for creation of such association.
26 April 2010
it is a Association of Person so u can apply for PAN card as AOP
26 April 2010
sorry sidharth i convey you no thanks gesture. its my first time and i dont know the meaning of sign. Kindly consider my no thanks as thanks.
26 April 2010
But Sidharth if i consider it as AOP, at the time of filing return i have to consider the income of each member to decided the tax rate of AOP because if income of any member exceeds maximum amount not chargeable to tax then tax effect shall be different.
26 April 2010
You can form Housing Co-operative Society for the same. Status will be of Co-operative Society.
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