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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Principals of mutuality - Contribution by the members of a Group ...


Contributions by Group Housing Society members for society work are not taxable income, supported by case law.

March 8, 2016

Case Laws     Income Tax     AT

Principals of mutuality - Contribution by the members of a Group Housing Society - work is done by the society for and on behalf of that member - there is no question of any income - Not taxable - AT

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