Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know
ADDA
JULY 27, 2025
CIT (2013) made it clear that interest from non-member sources, like banks, violates mutuality. TDS on payments to contractors and professionals If a RWA pays a professional more than ₹30,000 or a contractor more than ₹30,000 (in one payment) or ₹1 lakh (in a year), TDS must be withheld under Sections 194C and 194J, respectively.
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