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. ” Income from advertising hoardings, telecom towers, or space leased to outside parties Since it originates from outside companies, this is taxable. It is taxable under “Income from Other Sources.”
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