Please reply..earlier i didnt get proper reply..
@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
11 August 2011
1 Replies
PRAMOD PANDIT M.COM , CA FINAL
(PROFESSIONAL SERVICES)
(207 Points)
Replied 11 August 2011
of individuals who like to manage the day to day affair of u organisation
6 u can show loss or nil income if proper books mainained and get audited even if u organise socity, form a trust , business or any form
7 even is mutual concept service tax appplied
8 if now illegal activity converted into legal so consequences of all authority like IT ,ST ready to face
this is my personal view.1 co operative societs income also taxabale
2 as 3 crore amount involved geting books audited is complusary
3 so maintainance of book needed
4 registration under sec 25 of company act is some hassle work and money , time and management also need to organise
5 u can make association of person (AOP) of individuals who like to manage the day to day affair of u organisation
6 u can show loss or nil income if proper books mainained and get audited even if u organise socity, form a trust , business or any form
7 even is mutual concept service tax appplied
8 if now illegal activity converted into legal so consequences of all authority like IT ,ST ready to face
this is my personal view.
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