Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
20 December 2013Whether Income Tax limt of Rs. 2 Lakhs is applicable to Flat Owners Association (Apartment) being AOP.
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 20 December 2013
Yes Basic Exemption limit for AOP is 2 Lakhs for the A. Y. 2014-15
Dhruvi N suthar
(Account Executive)
(303 Points)
Replied 20 December 2013
Basic Exemption Limit For Aop is rs 2 Lakh
CAclubindia
