Our AOP for 100 odd members in RWA was asked by IT Department to pay a Surcharge as soke members are HNI.
1. Are there any options under IT act that levies this specifically if PAN card details of all members are not submitted ?
2. Is there any way this could be reimbursed or challenged ?
Legal Challenge Emerges for Housing Society Facing Unexpected Income Tax Surcharge Affecting Collective Membership Status A residential welfare association (RWA) with approximately 100 members received an income tax surcharge demand from tax authorities, potentially due to high-net-worth individuals within the group. The members seek clarification on legal options for challenging the surcharge and potential grounds for reimbursement or contesting the assessment based on incomplete PAN card documentation. (AI Summary)