Computation for housing society

Abrar Siddiqui (Self Employed) (35 Points)

13 November 2012  

Hi,

Want to file income tax return of a housing society. I want to know which ITR form is to be used.

The society has the following income for the year accounting year 11-12

Common Amenities : 481370              Non occupancy : 4500

painting fund : 61230                             Repair Fund : 457835

Service Charges : 355000                    Sinking fund  152860

Bank interst  : 15771                              Transfer fees : 25000

Want to know, which among the above is a taxable income.

Regards