Aop return

Pragya (CHARTERED ACCOUNTANT) (104 Points)

17 November 2015  

Hi All, 

Is income of "Samaj" (registered as society) is taxable? The society is earning from two sources- 

1. Through voluntary contributions from its members

2. Interest income from bank FD (on which TDS is deducted by bank)

The society is working for its members and doing charitable activities also. But not registered under secion 12AA. Both incomes are taxable or not?

Thanks and regards,

Pragya