It rate and itr form number
This query is : Resolved
20 April 2015
There are three parts in my query
1. Is a Membership Club is treated as AOP or BOI?
2. What is the rate of tax to be paid on interest earned on Bank Deposit by the Club, if not treated as AOP or BOI.
3. What is the ITR form to be submitted for filing the return (ITR 1 or ITR 2)
Ramanujam S
1. Is a Membership Club is treated as AOP or BOI?
2. What is the rate of tax to be paid on interest earned on Bank Deposit by the Club, if not treated as AOP or BOI.
3. What is the ITR form to be submitted for filing the return (ITR 1 or ITR 2)
Ramanujam S
21 April 2015
1. It should be treated as AOP.
2. It has to be treated as AOP, if no member of the club is earning taxable income then tax slab applicable to individual is applicable.
3. ITR 5 has to be submitted.
2. It has to be treated as AOP, if no member of the club is earning taxable income then tax slab applicable to individual is applicable.
3. ITR 5 has to be submitted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax implications of gift to maternal uncle
- Closure of a PVT LTD company
- Input Tax Credit Puf panels
- Real estate business by a partnership firm where both of the partners are SC/ST
- 26QB correction - no data available error for fully consumed/processed with default
- ROC filings for the first year of incorporation
- Capital gains LTCG
- How to open attachment in 23ac xbrl
- PAN Migration to New AO
- When I Login E-invoice portal with waybill user id and pw, it is showing 3011 error data
- Travel Agent Charges 5 % GST without ITC. Can he raise invoice @ 18% on Service Fee for Flight Tick
- Income tax planning
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- Professional tax deduction monthly
- Cross charges verses Isd methof
- Refund Application in RFD 01 for Export without payment of tax
- Ewaybill bill to ship from
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
