*Dear all, A flat owners association has to be regd under societies regn act when there are more than 20 members or the contribution is more than Rs.20,000.00
How ever as there are no income and the expenses on common area maintenance and utilities like water, electricity, security etc are met by the contribution from the members on specific proportion. Hence the provisions of Income tax return filing and PAN does not apply. Now the association wants to undertake a major maintenance work of painting etc which will be met out of accumulated contribution and additional contribution. Does the assn have to deduct TDS u/s 194C? Is there any exemption since there are no business activity involved. sivaraman * --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/SkorydovMyTaxAssistant?hl=en -~----------~----~----~----~------~----~------~--~---
