Yes - TDS is applicable as society is an AOP .
--- On Sun, 26/4/09, Visvanathan Sivaraman <[email protected]> wrote: > From: Visvanathan Sivaraman <[email protected]> > Subject: Fwd: TDS by a residence welfare assn. URGENT > To: [email protected] > Date: Sunday, 26 April, 2009, 6:53 AM > > 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 > > > > > > > > > > Now surf faster and smarter ! Check out the new Firefox 3 - Yahoo! Edition http://downloads.yahoo.com/in/firefox/?fr=om_email_firefox --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
