Income tax clarification for apartments

Apartment Owners’ Association registered under Karnataka Societies Act is to be treated as AOP for the purpose of assessment of Income Tax.

 

Weather this position is correct or not?

 

I wanted some clarity on this!

Replies (1)

income-tax-for-apartment-owners-associations

 

guide-to-income-tax-for-apartment-associations

 

https://www.caclubindia.com/experts/rate-of-taxation-applicable-to-rwa-1525854.asp

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