Housing society taxation pgbp
This query is : Resolved
15 March 2022
Sir; we have filed one housing society ITR ; it having excess of expenditure over income i.e. loss (means members contribution less & expenses more ... not having any businee income) we have shown only FD interest under IFOS & claimed deduction us 80P(2)(d). However one member of a society saying to claim loss under PGBP .. is he correct ?
15 March 2022
Not right as society is not doing any business.
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