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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 ...

Income Tax

March 8, 2016

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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  1. Mutual benefit society - the transactions with the bank who is not even a member of the society cannot be considered as a transaction for which principles of mutuality will apply.

  2. Levy of GST - Business or not - Supply or not - common law Principle of Mutuality - Co-operative Housing Society - contribution charges collected by the Appellant from...

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  4. Principle of mutuality - contribution paid or made by the members to the co-operative society was occasioned by transfer of the flat - amount not chargeable to tax - HC

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  6. Eligibility of avail ITC - Works contract services - input services - Housing society - The society itself is not works contract service provider, nor it is in the...

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  9. Levy of GST - maintenance charges collected by Emerald Court Co-op Housing Society Ltd (CHS) from members of its society - In view of the amended Section 7 of the CGST...

  10. CENVAT credit - premium paid for group medi-claim policies for employees' family members - the employee is earning not for himself but also for the family members -...

 

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