Transfer fee received by cooperative society
This query is : Resolved
07 July 2013
transfer fee received by cooperative housing society from its incoming outgoing members. Are such transfer fee liable to tax in the hands of cooperative society.
please explain taxation in the hands of society and members.
please explain taxation in the hands of society and members.
07 July 2013
So far as principal of mutuality is maintained it is not taxable..
if suppose they have invested this income in some FIXED DEPOSIT or some other way then incometax comes
if suppose they have invested this income in some FIXED DEPOSIT or some other way then incometax comes
07 July 2013
if principal of mutuality not maintained then wat will happen.
trsfer fee and stamp duty are same thing?
trsfer fee and stamp duty are same thing?
07 July 2013
means if they are investing income in some outside for interest or some other way..it is taxable and slabs will be as par with individuals
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