Resident Welfare Associations

RWAs & Housing Societies — Tax and Compliance

Taxation of resident welfare associations, mutuality principle, GST on maintenance, and audit requirements for housing societies in India.

4 articles — updated weekly

Featured

RWA Audit & Accounting: Receipts & Payments, Sinking Fund, and Statutory Requirements

Residential Welfare Associations must file statutory audits and maintain compliant accounts under the Societies Registration Act. This guide covers receipts and payments preparation, sinking fund accounting, and audit requirements that RWA secretaries and treasurers must follow.

Read article →28 Jun 2026

Income Tax for Resident Welfare Associations: Mutuality, Exemptions, and ITR-5 Filing

25 Jun 2026

Resident Welfare Associations operate under the mutuality principle under Section 2(24) of the Income Tax Act. Learn which RWA income is exempt, exemption limits, and when ITR-5 filing becomes mandatory.

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TDS Obligations for RWAs: Section 194C & 194J, and Monthly Form 26Q Filing

20 Jun 2026

Residential Welfare Associations often overlook their TDS filing duties. This post covers Section 194C on maintenance contractor payments, Section 194J on professional fees, and the critical monthly Form 26Q deadline--with compliance checklists for RWA treasurers and accountants.

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GST on RWA Maintenance Charges: The Rs.7,500 Threshold and ITC Compliance

29 May 2026

Residential Welfare Associations collecting maintenance charges under Rs.7,500 per member per month enjoy GST exemption under Notification 12/2017-CT(R). But the threshold is strict, ITC reversal rules bite hard, and GSTR-1 disclosure matters. Here's how to stay compliant.

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