https://www.taxtmi.com/forum/issue?id=111457 Tax compliance of an AOP registered under the Societies Act running distance learning courses requires regularising income tax filing by determining AOP status and submitting overdue returns; non banking of fees and late bank account opening affect assessability and proof of receipts and may attract penalties. Undefined membership shares complicate allocation of income among members and can hinder fulfilment of lender requirements for loan processing. en-us Sat, 04 Feb 2017 14:08:50 +0530 Thu, 23 Jan 2025 15:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111457 Tax compliance of an AOP registered under the Societies Act running distance learning courses requires regularising income tax filing by determining AOP status and submitting overdue returns; non banking of fees and late bank account opening affect assessability and proof of receipts and may attract penalties. Undefined membership shares complicate allocation of income among members and can hinder fulfilment of lender requirements for loan processing. Discussion-Forum Income Tax Sat, 04 Feb 2017 14:08:50 +0530 https://www.taxtmi.com/forum/issue?id=111457