Tax on maintinance charges recieved from commercial complex.

In case of income tax, tax rate for Coorporative society will be

Taxable income Tax Rate
Up to Rs. 10,000 10%
Rs. 10,000 to Rs. 20,000 20%
Above Rs. 20,000 30%


second under 80P deduction is also available for Rs. 50000/-

Yes, you should make calculation as income-all exp keep in mind more than rs. 10000 exp should not be in cash


Now in case of GST, if your Income is less than 20lacs then you are not eligible for registration
and if you are registered
then also exemption available on Rent rec upto 7500/- per person

My query is that the maintenance charges received from members are taxable under income tax after deduction of all expenses.

My idea it should not be taxable due to principal of mutuality.

if any fund excess of expenses further will be used for expenses.

there is no profit making out of this fund.

as reference to ITAT order Swarn Jayanti Rail Nagar Flat Owners Association vs ITO extension ward ghaziabad.

Fund received from member show in Reserve for future Maintenance.

Only transfer Amount to PL equal to expenses.

Hence PL always been Zero and no tax will payable.

As per principal of mutuality it is not taxable in income tax. 

in case of GST we take credits also. that's why GST is applicable/