If a RWA (Residents Welfare Association) is registered as a society in Society Registration Act what Tax slabs will it fall into?
2 Replies
Balasubramanian R
(Chartered Accountant)
(85 Points)
Replied 11 July 2017
30.3% on Interest on Bank Deposit and other income from other sources.
Jitendra Joshi
(CMA)
(65 Points)
Replied 11 July 2017
Sir,
Thanks for your reply. I would appreciate if you could provide the relevant Section and Rules for reference.
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