RELATED PARTY TRANSACTIONS

12 Months Ended

Mar. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE B - RELATED PARTY TRANSACTIONS

During the years ended March 31, 2014 and 2013, the Fund entered into several transactions with various affiliates of the general partner, including Boston Capital Partners, Inc. (BCP), Boston Capital Services, Inc. (BCS), Boston Capital Holdings Limited Partnership (BCHLP) and Boston Capital Asset Management Limited Partnership (BCAM), as follows:

The Fund incurred a fund management fee to Boston Capital Asset Management Limited Partnership in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various asset management and reporting fees paid by the Operating Partnerships. The fund management fees net of reporting fees incurred and the reporting fees paid by the Operating Partnerships for the years ended March 31, 2014 and 2013, are as follows:

			2014
	Gross Fund Management Fee		Asset Management and Reporting Fee		Fund Management Fee net of Asset Management and Reporting Fee
Series 20	$	88,653	$	11,304	$	77,349
Series 21		58,930		3,676		55,254
Series 22		64,070		5,000		59,070
Series 23		90,719		6,500		84,219
Series 24		91,732		111,298		(19,566)
Series 25		47,508		9,612		37,896
Series 26		208,009		187,315		20,694
Series 27		204,780		78,159		126,621
Series 28		277,316		120,474		156,842
Series 29		307,485		59,597		247,888
Series 30		155,148		19,861		135,287
Series 31		329,204		62,574		266,630
Series 32		271,860		61,166		210,694
Series 33		123,408		16,389		107,019
Series 34		256,596		17,321		239,275
Series 35		202,082		52,603		149,479
Series 36		132,480		19,023		113,457
Series 37		204,864		20,389		184,475
Series 38		164,400		22,599		141,801
Series 39		136,800		17,748		119,052
Series 40		200,016		21,590		178,426
Series 41		237,732		38,056		199,676
Series 42		248,700		63,265		185,435
Series 43		306,780		60,352		246,428
Series 44		277,353		52,403		224,950
Series 45		363,051		54,934		308,117
Series 46		249,528		36,531		212,997
	$	5,299,204	$	1,229,739	$	4,069,465

			2013
	Gross Fund Management Fee		Asset Management and Reporting Fee		Fund Management Fee net of Asset Management and Reporting Fee
Series 20	$	105,990	$	10,885	$	95,105
Series 21		67,080		3,051		64,029
Series 22		121,368		16,887		104,481
Series 23		113,039		14,625		98,414
Series 24		122,334		17,490		104,844
Series 25		76,550		44,517		32,033
Series 26		286,205		80,405		205,800
Series 27		229,434		103,260		126,174
Series 28		298,447		141,421		157,026
Series 29		331,404		59,017		272,387
Series 30		163,063		33,471		129,592
Series 31		345,693		164,357		181,336
Series 32		281,115		53,540		227,575
Series 33		123,408		16,389		107,019
Series 34		274,896		16,654		258,242
Series 35		213,030		20,385		192,645
Series 36		154,061		100,251		53,810
Series 37		204,864		18,518		186,346
Series 38		164,400		31,044		133,356
Series 39		136,800		23,923		112,877
Series 40		200,016		24,394		175,622
Series 41		238,068		22,075		215,993
Series 42		249,240		40,195		209,045
Series 43		306,780		38,157		268,623
Series 44		284,700		22,930		261,770
Series 45		365,862		47,088		318,774
Series 46		249,528		19,442		230,086
	$	5,707,375	$	1,184,371	$	4,523,004

All fund management fees will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the partnership's interests in operating limited partnerships. As of March 31, 2014 and 2013, total fund management fees accrued were $48,671,049 and $51,851,332, respectively.

The fund management fees paid for the years ended March 31, 2014 and 2013, are as follows:

	2014		2013
Series 20	$	628,402	$	288,000
Series 21		79,000		75,000
Series 22		90,375		228,294
Series 23		18,900		62,750
Series 24		2,560,095		321,742
Series 25		47,508		990,767
Series 26		707,356		2,347,666
Series 27		1,764,059		801,000
Series 28		1,148,270		381,775
Series 29		231,631		50,000
Series 30		-		98,000
Series 31		50,000		123,230
Series 32		1,449		100,000
Series 33		-		75,000
Series 34		-		-
Series 35		-		-
Series 36		1,000,000		50,000
Series 37		-		100,000
Series 38		-		100,000
Series 39		-		50,000
Series 40		-		-
Series 41		52,000		25,000
Series 42		50,000		150,000
Series 43		-		25,000
Series 44		-		25,000
Series 45		50,442		225,000
Series 46		-		100,000
	$	8,479,487	$	6,793,224

An affiliate of the general partner of the Fund has advanced funds to pay some operating expenses of the fund, and to make advances and/or loans to operating limited partnerships. These advances are included in accounts payable to affiliates. The total advances as of March 31, 2014 and 2013, are as follows:

	2014		2013
Series 20	$	-	$	-
Series 21		-		-
Series 22		-		-
Series 23		-		-
Series 24		-		-
Series 25		-		-
Series 26		-		-
Series 27		-		-
Series 28		-		-
Series 29		-		-
Series 30		-		-
Series 31		-		-
Series 32		-		-
Series 33		54,660		54,660
Series 34		133,578		120,842
Series 35		-		-
Series 36		-		-
Series 37		-		-
Series 38		-		-
Series 39		220,455		220,455
Series 40		359,629		347,144
Series 41		359,757		359,757
Series 42		221,615		221,615
Series 43		-		-
Series 44		12,495		-
Series 45		8,997		-
Series 46		-		-
	$	1,371,186	$	1,324,473

During the year ended March 31, 2014, $12,736, $12,485, $12,495 and $8,997, for Series 34, Series 40, Series 44 and Series 45, respectively, was advanced to the Fund by an affiliate of the general partner. During the year ended March 31, 2013, $15,860 and $9,616, for Series 34 and Series 40, respectively, was advanced to the Fund by an affiliate of the general partner. During the year ended March 31, 2013, $129,612 for Series 36 was paid by the Fund to an affiliate of the general partner. All payables to affiliates will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Fund's interests in Operating Partnerships.

During the years ended March 31, 2014 and 2013, general and administrative expenses incurred by Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership and/or Boston Capital Asset Management Limited Partnership were charged to each series’ operations as follows:

	2014		2013
Series 20	$	13,320	$	17,507
Series 21		10,180		13,730
Series 22		11,792		16,241
Series 23		13,081		17,016
Series 24		11,458		15,169
Series 25		12,154		15,813
Series 26		16,057		20,672
Series 27		11,979		15,320
Series 28		14,353		18,266
Series 29		14,663		18,633
Series 30		12,284		15,721
Series 31		15,196		19,021
Series 32		14,268		18,156
Series 33		11,031		14,425
Series 34		12,736		16,326
Series 35		12,216		15,766
Series 36		10,822		14,157
Series 37		10,690		14,016
Series 38		11,184		14,561
Series 39		10,889		13,938
Series 40		12,485		15,451
Series 41		14,228		17,001
Series 42		16,252		17,940
Series 43		15,570		18,219
Series 44		12,495		15,173
Series 45		17,433		20,278
Series 46		13,750		17,065
	$	352,566	$	445,581

Accounts payable - affiliates at March 31, 2014 and 2013 represents general and administrative expenses, fund management fees, and commissions which are payable to Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership, Boston Capital Services, Inc., and Boston Capital Asset Management Limited Partnership.