Apartment owners association plays vital role in maintenance of apartment and works for welfare of its members. Apartment owners association may or may not be registered but it is always recommended to register the association to sue or defend any legal action. Apartment owners association collects maintenance charges from its members and earns revenue from advertising, distributing brochure, pamphlets etc. The apartment owners association has obligation to pay income tax as applicable in the case of an individual. Apartment owners association is also eligible for deduction and tax rebate as in case of individual.