Concern on Income Tax Payments

[PRAVEEN T]

Hi Prasath,

As per the audited records of previous years, the income tax paid by the Association is as follows:

• FY ending 31 March 2023: ₹22.03 lakhs
• FY ending 31 March 2024: ₹23.41 lakhs
• FY ending 31 March 2025: ₹25.51 lakhs

However, income tax paid for the current financial year, as per the MIS is:

• FY ending 31 March 2026: ₹4.00 lakhs

This indicates a significant deviation. It would imply either:

• A reduction in taxable income (~80%)  , or
• Substantial tax exemptions (~80%),

Both scenarios require clear explanation along with supporting details.

At the same time, an amount of ₹9.8 lakhs was collected from residents in October (Q3 – ₹7.3/sq. ft.) towards advance tax. Despite this, it appears that the full amount collected has not been remitted to the Income Tax Department even after a lapse of six months.

As discussed in GBM, kindly share the detailed income tax computation/working for FY 2025–26. This will help in understanding the assumptions, exemptions (if any), and the basis for the projected reduction in tax liability.

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Regards,

PRAVEEN T

[Partha Pritam Patra]

Hi Praveen,

Appreciating your time and effort.

Requesting you to please work directly with Association or send emails to association email id. If you don't receive a satisfactory answer, Please include all residents.   

Hoping you will understand.

~~
Thanks & Regards,
Partha Pritam Patra
Cell: +91-8123007772

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[PRAVEEN T]

Hi Prasath,

As per income tax provisions, any under-reporting or misreporting of income can attract significant penalties, including penalties of up to 200% of the tax payable in certain cases.

In this context, we would like to highlight the following:

1. The Association’s historical income tax payment has consistently been in the range of ₹22–25 lakhs  annually.
2. As per the MIS reports, the tax payment reflected for this year is approximately ₹4 lakhs, which is significantly lower than previous years.
3. An amount of ₹3.17 lakhs towards income tax payment by previous association does not appear to be accounted for in the MIS expenses.
4. The due date of March 31 for income tax payments has already passed.
    

Given the seriousness of the matter, we request you to kindly share the detailed income tax computation with residents at the earliest for transparency and clarity.

We also request you to confirm whether the computation has been reviewed and approved by the Accountant and/or Auditor.

Regards,

PRAVEEN T

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From: PRAVEEN T <prave...@gmail.com>
Sent: Monday, April 13, 2026 20:58
To: Treasurer SDA Palm Springs <palmspring...@gmail.com>
Cc: To: sda-wing...@googlegroups.com <sda-wing...@googlegroups.com>; Sda Wing48 <sda-owne...@googlegroups.com>; Sda Wing49 <sda-owne...@googlegroups.com>; Wing 52 Group <sda-owne...@googlegroups.com>; ramnath.prasana via SDA Wing 53 Owners <sda-wing-...@googlegroups.com>; Wing 54 Group <sda-owne...@googlegroups.com>; Wing Owners DL <sda-owne...@googlegroups.com>
Subject: Concern on Income Tax Payments

[PRAVEEN T]

Dear President,

The Association paid approximately ₹4 lakh in income tax last year (2025-2026) as per MIS, against maintenance collections of approximately ₹9.8 lakh from residents. This is significantly lower than the approximately ₹22-25 lakh paid in previous years. We had also pointed out the risk of penalties of up to 200% in cases of underreporting.

Despite our request for a detailed tax computation and supporting documents, we have not yet received any response from the Treasurer.

Residents should not be expected to bear any penalties, financial losses, or liabilities arising from omissions, or non-compliance in tax filings, including any incorrect tax payment or underreporting. The Treasurer has also not been willing to share the relevant details with residents, despite our concerns on this matter.

We kindly request written confirmation within seven days as to whether any other Association member was involved in these decisions and is willing to accept responsibility for the Association’s tax filings and any related financial losses.

If no such confirmation is received within seven days, it will be understood that the Treasurer accepts full responsibility for the tax filings and for any liabilities, penalties, or consequences arising from them.

Regards,

Praveen T

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Regards,

PRAVEEN T

[SDA Palm Springs Treasurer]

Best practice is an Audit to be completed for accurate filing of tax. Below notice was shared regarding delay in Audit. 

We may propose a resolution within committee to file tax based on the unaudited income statement and do correction later on which will be a tedious process. Will keep all posted if the resolution is passed based on all 10 members voting. 

Thanks,

SDAPS AOA

[PRAVEEN T]

Please provide the following information regarding the Association’s income tax liability and the funds collected from residents for this purpose:

 

1. The names of the Managing Committee members who decided not to pay the Association’s income tax in every quarter.
2. A copy of the Minutes of Meeting in which this decision was discussed and recorded.
3. If the Association had decided not to pay the income tax , please explain why an income tax payment of approximately ₹4,00,000 was made in December. Kindly also specify who authorized this payment.
4. If the Association had decided not to pay the income tax , please explain why approximately ₹9.8 lakh was collected from residents for this purpose.
5. Please confirm where the ₹9.8 lakh collected from residents is currently being held. If the amount has already been used, please provide a detailed statement showing:
• when it was used, how it was used, and the purpose for which it was spent.

Also provide the current Auditor’s written confirmation expressly stating that:

1. the Audit Report for FY 2024–2025 is not valid or cannot be relied upon, if that is the Auditor's position; and
2. due to the status of the audit, the Auditor is unable to file the Association's Income Tax Return for FY 2025–2026, along with the reasons for such inability.

If this information is not provided within 3 days, it will be presumed that no decision was taken by the Managing Committee to withhold payment of income tax, and the Treasurer will be treated as responsible for filing, non-payment, and any resulting liabilities, subject to law.

 

Thank you,

Praveen T

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Regards,

PRAVEEN T