Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know
ADDA
JULY 27, 2025
Apartment living entails a number of shared responsibilities, such as maintaining lifts and managing common funds. CIT (2013) made it clear that interest from non-member sources, like banks, violates mutuality. Apartment Owners Associations (AOA) or Resident Welfare Associations (RWA). What, if anything?
Let's personalize your content