Aop taxation

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C A
65 Points Posted on 25 June 2013

An association who is not registered u/s 12 A, receive membership fees from its member. Will this receipt be taxable? 

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On 25 June 2013 at 18:28 Report
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Membership fees received from will not be taxable on the basis of principle of mutuality.

But any amount received from non members for services rendered/ interest from non cooperative banks etc is taxable.

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On 26 June 2013 at 10:04

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