Taxes in case of employees union
This query is : Open
08 November 2017
Hello, my client have formed an employees union where the members contribute each month, they are registered as AOP and have around 500members and various expenses and also have interest income from FD. How the income tax would be calculated?Will the members contribution is treated as income?
08 November 2017
Members contribution will not be treated as income. Income tax payable on interest earned on fd.
09 November 2017
Thanks a lot sir for the reply. Could you please mention a section which deals with exemption of members contribution?
12 November 2017
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