What wil be the treatment of non-ocupancy charges collected from member and non-member in Co-Op. Soceity hands ?
Menu
Non- Ocupancy Charges
Replies (2)
Non- occupancy charges collected from members is tax-free in the hands of the society on grounds of concept of mutuality.
from non-members its taxable
Agree with rachit provided the same is not charged more than 10% of maintenance dues............ Cheers...........
Recent Topics :
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
Related Topics :
CAclubindia
