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Amount collected towards maintenance

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2011 Amount collected by the residential association towards common expenses should be chargeable to Tax under which head
1.65(105)(25a)- club or association or
2.65(105)(64)Management,Maintenance or repair
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VISHRUT

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VISHRUT (Expert)
17 November 2011 None of the above.
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
17 November 2011 The property is being used for residential purpose and not for commercial purpose so these clauses should not be applicable.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2011 Act does not speak about commercial usage

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