Whether RWA Liable to pay tax?
If Yes What are the tax rates applicable?
If Not, why no?
Whether RWA Liable to Pay taxes on total income or income earned from non member?
is there any provision in the income tax in this regard.....
Is there any provision for service tax...?
its resident welfare association
the main object of the welfare associtins is social work on free of cost or nominal charges, so the are not lauble to pay tax. but it can be compulsory to submit the audited income & expenditure account to all related departments
CAclubindia
