TaxTMI 
TaxTMI 
Housing cooperative society
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....ousing cooperative society<br> Query (Issue) Started By: - NEERAJ BHUTORIA Dated:- 15-9-2010 Last Reply Date:- 16-9-2010 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Whether registration of Housing C....
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....o operative Society is compulsory and whether registration no is required at the time of application of PAN Card. Reply By Rama Krishana: The Reply: The principle of mutuality is application on CGHS ....
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....and therefore income arising out of mutual activities like subscription fee etc is not liable to Income Tax. However, certain other income of the CGHS would still be taxable which are not arising due ....
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....to mutual activity. To discharge the tax liability CGHS is required to obtain PAN number. Further, if you are asking registration with the registrar of co-operative group housing society or registra....
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....r of society, the same is optional and if you wish to get the statutory support and avail the benefits under Income Tax Act, it is advisable to get yourself registered accordingly.<br> Discussion Foru....
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....m - Knowledge Sharing ....