Residential welfare association

As per AOP

As per Aop it is based on determinate or indeterminate share of members.

But in this no share to member. Can u clear my doubt

if Income received by RWA from Non Member exceeds the taxable limit then only RWA is liable to file the Income Tax Return in Form ITR-5. Most of the RWAs got TDS deducted on interest income from banks thus they should file ITR to claim refund of their TDS dues. Tax rates applicable to AOP are same as that of applicable to Individuals.

So... At slab rate only.

Tq Sir, I read somewhere like taxable in income of RWA should be taxed at max marginal rate.

Yes, both concept are existing. But check: taxguru.in/income-tax/taxability-resident-welfare-associations-income-tax- act.H T M L