The first article outlines the legal framework for the formation and functioning of Maintenance Societies and RWAs in Telangana under the Telangana Mutually Aided Co-operative Societies Act, 1995. It analyses registration procedures, key judicial precedents, and governance requirements including audit and elections. It also discusses GST and income-tax implications, registration thresholds, exemption limits, taxability of member contributions, corpus funds, interest income, and the principle of mutuality under the Income Tax Act, 2025.
The second article examines the taxation of undisclosed income under the block assessment regime, including special tax rates, interest, and penalties. It outlines conditions for penalty relief, additional interest for delays, and key procedural safeguards. It also discusses limitation periods and the authorities empowered to pass block assessment orders.
The third article explains the UAE corporate tax transfer pricing documentation framework and its role in enhancing transparency and compliance in related-party transactions. It highlights how article 55 strengthens the Federal Tax Authority’s risk assessment and enforcement capabilities. It also emphasizes the promotion of consistent pricing and stronger tax governance.
Lastly, CBDT notifications for the month of november, 2025 has been included in this wiki to ensure continual updating with the latest regulatory developments.
As Income Tax Act,2025 has been enacted to replace the existing Income tax Act, 1961, which will come into effect from 01.04.2026, all the articles in this wiki have been referred to the new sections of Income Tax Act,2025.
Key Topics:
- Formation and maintenance of resident’s welfare association
- Search assessment – Part III
- Transfer pricing in UAE – Part V
- CBDT notifications for the month of November 2025
