ABC is a society regd under the Societies Registration Act. However it has not taken any section 12 exemption. The sources of income are donations, members contribution and a little bit of business activity through its associate arm. Now my query is how the income of the society will be treated under Income Tax and which ITR to be used?
Menu
How to treat Society income??
Replies (1)
Mr.S.Kumar
The society will be a taxable entity as AOP (Association of Persons).
Best Wishes
Sathikonda
Recent Topics :
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
Related Topics :
CAclubindia
