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Taxation of resident welfare association

This query is : Resolved 
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(Querist)
14 November 2013 As per concept of mutuality income of rwa from members is not taxable. but other income like interest etc are taxable
my query is
1. which form to be filled for ITR
2. whether detail of receipt from members & exp etc to be filled in p/l & Balance sheet column
3. how to reflect any surplus & shortfall in revenu
4. tax audit provision will apply or not.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 November 2013 1. ITR-5

2. YES.

3. ?

4. WILL NOT APPLY.
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