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. The Supreme Court ruled in Venkatesh Premises Co-op Society Ltd vs. ITO (2018) that this money is a pooled contribution used for self-benefit rather than income. Investment income compliance is made easier if funds are held in cooperative institutions.
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