Tax implications of a housing society
raghav khanna (5 Points)
12 September 2020raghav khanna (5 Points)
12 September 2020
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 12 September 2020
Monthly maintenance will be included in receipt side of P&L and any expenditure incurred will be deducted and any surplus if left will be liable to tax at first 10,000- 10%, 10001 to 20000-20% , above 20000- 30%.
raghav khanna
(5 Points)
Replied 12 September 2020
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