Taxation on apartment owners association
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2014
Thank you for for resolving my previous query on this subject.Kindly clarify whether the FD interest on FDs made in Cooperative Banks by the Apartment Owners Association(fund earmarked for future expansion activities)will be taxable?
CA R SEETHARAMAN
(Expert)
29 December 2014
Yes FD interest is taxable.
Rupesh Jain
(Expert)
29 December 2014
FDR intt will be taxable.
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