Income tax return of co-op society

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A Co-operative Housing Society has income from Rent of Tower. While filling income tax return, whether we have to show all details of collection from Members and also show expenses incurred by Society as per Income and Expenditure Account or only income from rent is to be showed.

Kindly give your views

Replies (1)

Yes, you are required to declare total members contribution with rental income & expenditure.

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