Tax liability on flat owners association (aop)
This query is : Resolved
09 February 2013
Dear All,
I got an Assignment of ITR for Flat Owners Welfare Association. Details below
A Y - 2012-13,
Subscription- 42,00,000/-
Donations from External Agencies & Vendors
22,40,000/-
Interest on FD from non Co-op Banks - Rs 12,34,000/-
Rental Income 300000/-
Is all the above income are exempted or only subscription is exempted?
If others are taxable, will it taxed at normal slab of individual or those applicable for co- op societes? (10000- 20000 & above 20000 @ 10%,20% &30% respectively)
Please help me with a clear answer.
Sandeep
I got an Assignment of ITR for Flat Owners Welfare Association. Details below
A Y - 2012-13,
Subscription- 42,00,000/-
Donations from External Agencies & Vendors
22,40,000/-
Interest on FD from non Co-op Banks - Rs 12,34,000/-
Rental Income 300000/-
Is all the above income are exempted or only subscription is exempted?
If others are taxable, will it taxed at normal slab of individual or those applicable for co- op societes? (10000- 20000 & above 20000 @ 10%,20% &30% respectively)
Please help me with a clear answer.
Sandeep
11 February 2013
pls clarify the constitution of the Association
what is the nature of the organisation ??
what is the nature of the organisation ??
15 February 2013
This is an Association of persons(AOP) just like all residents welfare associations(RWA)
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
