Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know
ADDA
JULY 27, 2025
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. Fees collected from residents for upkeep, repairs, or security are exempt under the mutuality doctrine. It is taxable under “Income from Other Sources.”
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