Housing Cooperatives: In Light of Recent Judgements on Transfer Fees and Tax BenefitsNHCF Bulletin (2004)
AbstractThe Cooperative Society enjoys special status for the purpose of taxation in India, and is due to mutuality concept and as it is considered priority sector in the eyes of Government, get edge over other Assessee in matter of taxation. In addition, housing is also enjoying priority in government planning and hence additional tax benefits are offered in constructing, acquiring and transferring of housing property, borrowing fund, payment of interest on borrowed fund etc. Cooperatives are considered mutual concern and hence unless tax provisions are specially made to tax a transaction, there is no taxable income between member & cooperative during transaction as mentioned in its charter. The paper discusses various issues and apex court interpretations.
- Housing Cooperatives,
Citation InformationVrajlal K Sapovadia. "Housing Cooperatives: In Light of Recent Judgements on Transfer Fees and Tax Benefits" NHCF Bulletin (2004)
Available at: http://works.bepress.com/vrajlal_sapovadia/25/