Taxabilty of societies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2012
Dear all
one of our client is a society registered under socuities act, 1960. This scoity is engaged in the maintenance of apartments .
The society kept some deposit in a Pvt sector bank and earning interest on this deposit
Pls let me know whether the interest income earned is taxable in the hands of society ?
Thanks in advance
one of our client is a society registered under socuities act, 1960. This scoity is engaged in the maintenance of apartments .
The society kept some deposit in a Pvt sector bank and earning interest on this deposit
Pls let me know whether the interest income earned is taxable in the hands of society ?
Thanks in advance
10 March 2012
.
This is taxable.
.
You may refer the following :
.
https://www.caclubindia.com/forum/exemption-for-cooperative-housing-society-128134.asp
This is taxable.
.
You may refer the following :
.
https://www.caclubindia.com/forum/exemption-for-cooperative-housing-society-128134.asp
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