04 January 2016
Since whether co-operative housing society is required to fill balance sheet and P & L part of ITR5 inspite the fact that income of hsg society is not taxable on principle of mutuality. Society is offering interest income on investment with other bank under other source.
04 January 2016
I feel yes. The income might not be taxable but the details need to be entered according to me. Since there is no relaxation mentioned anywhere.
CAclubindia
