Question ID :
40777
RWA Tax Rate
Whether a Resident Welfare Association can take benefit of basic exemption of Rs.2.50 lacs. And ar which rate the RWA is taxed.
Posted by
AJAY JAIN
on
Aug 15, 2020
Filed Under
DIRECT TAXES
Answer ID :
80682
Yes, if the RWA is registered as an AOP under the Societies Registration Act,1860 or under the corresponding state law but not under the Co- Operative societies Act, 1912.
Posted by
B.CHACKRAPANI WARRIER on
Aug 16, 2020