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)
CAclubindia
