Residents' Welfare Association's Full Member Contributions Taxable, Including Sinking Fund and Electricity Reimbursements.

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Full Text of the Document

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....Benefit of exemption - Supply of Services by RWA - Whether tax would be charged over and above Rs. 7,500/- or the entire amount collected from members is exigible to tax? - There is no merit in contention that tax is payable only on the differential amount - Tax is payable on full amount including sinking fund and reimbursement of electricity charges for common area - AAR....