Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know
ADDA
JULY 27, 2025
Monthly maintenance and service fees are paid by members. CIT (2013) made it clear that interest from non-member sources, like banks, violates mutuality. Maintenance fees paid by members are exempt under the mutuality principle. Which types of income are not subject to RWA taxes? What types of income are taxable for a RWA?
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