I would like to know the present scenerio of taxation in respect of money received by a Co-operative Housing Society Members under the name "Corpus Fund" from the builder who undertakes redevelopment of the Housing Society's Buildings. Members get money to ensure any future rise in maintenance charges and also alternate accomodation during the re-construction of the building.
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Taxation of corpus fund in the hand of chs member
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For all details, Please read the following Column
https://www.chsguru.com/2011/12/taxability-of-corpus-received-from.html
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