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M G Vinaya Simha

Latest Posts by M G Vinaya Simha

Taxability of interest earned by Resident Welfare Association

June 14, 2020 18864 Views 2 comments Print

Note on Taxability of Interest Income from fixed deposits made out of corpus fund and maintenance surplus.  PRINCIPLES OF MUTUALITY   The Resident Welfare RWA’S( RWA) is primarily formed with a purpose to maintain, upkeep and provide amenities to the apartment owners/occupiers. Maintenance fee is collected every year for the purpose of the same. Rwa’s […]

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