Income taxable or Not

Pratik Surve (Assistant Professor ) (571 Points)

23 December 2020  
Dear All

kindly help us to fix this query.
we are co operative housing society and having surplus of member contribution in this FY 2019-20. so question is that excess surplus is Taxable income or not and whether we need to file ITR for the same? please give your valuable response

thanks in advance