Taxation of corpus fund in the hand of chs member

Tax queries 5667 views 1 replies

I would like to know the present scenerio of taxation in respect of money received by a Co-operative Housing Society Members under the name "Corpus Fund" from the builder who undertakes redevelopment of the Housing Society's Buildings. Members get money to ensure any future rise in maintenance charges and also alternate accomodation during the re-construction of the building.

Replies (1)

 

For all details, Please read the following Column

https://www.chsguru.com/2011/12/taxability-of-corpus-received-from.html


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register