Housing Society Accounting

Interactive Webinar Series – The A-Z of Apartment Accounting – Part One

Saturday, August 1, 2020 saw the Sixth Episode of the Neighbourhoods of Tomorrow – Interactive Webinar Series hosted by the ADDA Team on The A-Z of Apartment Accounting : Taxation,…

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Income Tax on Society FD and the “Doctrine of Mutuality”.

A Residential Society* collects Funds from its Members and pays for Common Expenses from such Funds. The Society does not pay Income Tax for any Excess of this Income over…

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Income Tax for Apartment Owners Associations

Are Apartment Owners’ Associations in India liable to pay Income tax? Which income categories are taxable and which are exempt? Do they need to file tax returns every year? These…

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