Taxation of apartment association
Sreevidhya V (396 Points)
30 June 2022one apartment association paid tax on interest earned on fd income at 30% + 4% surcharge
but they have received notice stating tax rate at @ 42.744% along with interest on this
is rate of tax for apartment association is 30% or 42.744%? income of association on interest income is less than 2 lacs only.
pls advise