owner flats association
Membership was given to the members by taking fifty rupees shares in our association.
Took one time non refundable deposit for maintenance.
Can interest be paid to the members on this deposit? If so, will it be allowed in income tax?
Menu
Flat owners association
Replies (3)
Refer the Memorandum. Usually such corpus funds are not paid interest.
I mean, generally interest is not paid over such deposits.
In protest against ADMIN for its discriminatory behavior among different members, I leave the portal permanently. Good Bye.
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
