dear all,
what is the income tax slab rate for a flat owners association which is registered as society.
Is there any change of slab if registered and unregistered?
The society has interest income from fixed deposits for which it is liable to pay income tax. pls advise as the return needs tobe filed before 31st
AOP flat owners association tax rate
Replies (1)
Interest earned on fixed deposits is taxable income for your association. The tax rate will depend on whether your association is assessed as an AOP, a BOI, or a registered society, with unregistered associations often facing higher tax burdens. You should consult a professional to confirm your specific tax status and ensure your annual filings are accurate.
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
