RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE C - RELATED PARTY TRANSACTIONS

The Fund has entered into several transactions with various affiliates of the general partner of the Fund, including Boston Capital Holdings Limited Partnership, Boston Capital Securities, Inc., and Boston Capital Asset Management Limited Partnership as follows:

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended September 30, 2014 and 2013, are as follows:

	2014	2013
Series 20	$   19,446	$   23,307
Series 21	14,325	15,958
Series 22	15,615	16,995
Series 23	22,026	22,680
Series 24	16,683	24,877
Series 25	6,984	10,728
Series 26	39,713	55,813
Series 27	42,828	55,499
Series 28	45,352	69,990
Series 29	66,906	82,851
Series 30	38,787	38,787
Series 31	76,254	83,127
Series 32	66,228	68,544
Series 33	30,852	30,852
Series 34	61,887	64,149
Series 35	50,520	50,520
Series 36	33,120	33,120
Series 37	51,216	51,216
Series 38	41,100	41,100
Series 39	34,200	34,200
Series 40	50,004	50,004
Series 41	59,391	59,433
Series 42	62,175	62,175
Series 43	76,695	76,695
Series 44	63,657	71,175
Series 45	70,800	90,939
Series 46	62,382	62,382
	$1,219,146	$1,347,116

The fund management fees paid for the six months ended September 30, 2014 and 2013 are as follows:

	2014	2013
Series 20	$   50,000	$  189,402
Series 21	-	79,000
Series 22	-	90,375
Series 23	-	18,900
Series 24	33,366	2,520,237
Series 25	15,443	13,026
Series 26	85,151	612,727
Series 27	131,301	364,802
Series 28	807,427	258,775
Series 31	604,556	-
Series 32	50,000	1,449
Series 34	50,000	-
Series 35	50,000	-
Series 36	50,054	1,000,000
Series 41	-	52,000
Series 42	-	50,000
Series 45	-	50,442
	$1,927,298	$5,301,135