Concept of mutuality
No service tax on maintenance charges for Mumbai Housing Societies
After a long period of uncertainty, a tax tribunal has ruled that all housing societies located in Mumbai do not need to pay service tax on any maintenance charges. Housing societies have been arguing in the past that since they provided services to itself (Concept of mutuality) which could not be subject to service tax […]
Co-operative housing society and the concept of mutuality
One of the most complex concepts in income tax act over the years has been the understanding of doctrine of mutuality. Different people and organizations decipher the doctrine as per their understanding, which often lead to confusion and possible law suits. Let us try and take a look at the core principles behind the doctrine […]
