Taxation on apartment owners association

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Querist : Anonymous

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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?

29 December 2014 Yes FD interest is taxable.

29 December 2014 FDR intt will be taxable.


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