A Co-operative Housing Society has income from Rent of Tower. While filling income tax return, whether we have to show all details of collection from Members and also show expenses incurred by Society as per Income and Expenditure Account or only income from rent is to be showed.
Kindly give your views
Yes, you are required to declare total members contribution with rental income & expenditure.
KK & Company Chartered Accountant
Pune
CA Inter
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RBSM Corporate Advisors Private Limited
Pune
CA
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CCI
Pro
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