13 August 2015
I have audited financial statement of welfare society (AOP) it shows surplus in income & expenditure a/c. when I prepare ITR 5, in which head such surplus will be clubbed whether in business head or other sources.
13 August 2015
Any Surplus should be shown under Business Head, although their intention is not business but ITR-5 is for AOP where you need to show your regular income under business group.
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