reena choudhary (chartered accountant) (28 Points)
16 September 2020I am doing the audit of a rotary club registered as AOP, having 100 plus members .the club receives membership fees and outside donations for carrying out social works.since this year the club could not do much work due to covid pendemic and has Rs 500000 in hand . will it be taken as the income of the AOP or we can claim exemption on the basis of mutuality concern.
sabyasachi mukherjee
(6760 Points)
Replied 16 September 2020
reena choudhary
(chartered accountant)
(28 Points)
Replied 16 September 2020
Rashmi Dalmia
(67 Points)
Replied 16 September 2020
could u pls break up 5 lacs is this lying with AOP since py or earned in this year , only then it can be answered
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