banner_ad

INCOME TAX ON CLUB - A NON PROFITABLE ORGANISATION

Tax planning 524 views 1 replies

Our club a non profitable organization and the  pan card of club issued under Association of Person, main source of fund is subscripttion receive from members and some donation we received against some pooja or social program - what are the parameter to calculation of Income for income tax purpose, I think Subscripttion received from members are treated as turnover - please clarify and the accounting procedure  - Thanks

Replies (1)

Correct, All the donations will also be taxable as per AOP slab rate.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details