TAXATION OF HOUSING SOCIETY
This query is : Resolved
27 June 2009
WHAT IS THE PROCESS OF TAXATION OF HOUSING SOCITY,
SOCIETY IS LIABLE TO PAY ANY INCOME TAX??
CONFRIM PLZ..
SOCIETY IS LIABLE TO PAY ANY INCOME TAX??
CONFRIM PLZ..
28 June 2009
Hie Jagdish,
Yes, Society is liable to pay Income tax however not liable to pay Wealth Tax.
Taxation process will be carried out according to da status of the society and the limit defined for the max. amount which can not be charged to tax.
Yes, Society is liable to pay Income tax however not liable to pay Wealth Tax.
Taxation process will be carried out according to da status of the society and the limit defined for the max. amount which can not be charged to tax.
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