Society (rwa) registered under societies registration act, 1860

Tax queries 477 views 2 replies

We have recently registered a RWA for our colony (under Societies Registration Act, 1860)

I have the following queries:

1) When we apply for PAN card of the Society, we will register as - 'ASSOCIATION OF PERSONS' OR 'BODY OF INDIVIDUALS'?

2) Will we be required to pay income tax on contributions received from members? 

Replies (2)
Q. 1 - AOP
Q. 2 - Not required
1. PAN card will be as AOP

2. Society has to file ITax return compulsorily and audit is also mandatory. income tax is applicable on certain incomes of the society.

On Members contribution, no income tax as such. But note that beyond 7500/- monthly contribution by members GST @ 18% is applicable.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register