What are the charges collected by the Society?
By Legal Bureau The apportion of the share of each member towards the charges of the society shall be on the following basis:- 1. Property taxes:- As fixed by Local […]
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Expenses for the lift has to be shared by all the members
By : late Mr. K.C.VAJIFDAR Mr. S.B.Bhinde a shopkeeper and full fledged member of Housing Co-operative Society has written to me to know whether a society can now all of […]
Read moreLevy of Charges / contribution towards out goings of the society
By Ramesh S.Prabhu (Chartered Accountant) The contribution to be collected from the members of the society towards outgoing and establishment of its funds may be in the relation to the […]
Read moreNon Occupancy Charges can not be more than 10% of Service Charges
By S R Agarwal Advocate After the consideration of the Committee’s Report, the state Government issued an Order dated 1.8.2001 in Public Interest under Section 79 A of the said […]
Read moreLevy of Charges in Housing Societies
By Legal Bureau The contribution to be collected from the members of the society towards outgoing and establishment of its funds, referred to in this bye-laws as ‘the charges’ may […]
Read moreTransfer fees is caped at Rs25000/- in Maharashtra
By Legal Bureau Although Bye-law clearly says that the amount of transfer fee should not exceed Rs. 25000/-. Many housing societies in Maharashtra are still charging ad-hoc transfer fees. Sometimes […]
Read moreService charges in Housing Society
By Hemant Agarwal, Legal Consultant SERVICE & MAINTENANCE CHARGES: 01. Under, “The Maharashtra Co-Operative Societies Act I960”, ONLY a Registered Coop. Society, is entitled to duly levy and recover “Service & Maintenance Charges” […]
Read moreNon Occupancy Charges is 5% in Goa
By Goa Bureau Sec. 133. Fees for non-occupancy of plot or dwelling unit.— A member of a co-operative housing society who has been given consent under section 107 of the […]
Read moreNon-occupancy charges received by Housing society not taxable
By Legal Bureau Assessee has challenged the addition of Rs.30,914/- made by the Assessing Officer on account of non-occupancy charges as income from the business not covered under the principles […]
Read moreCapital & Revenue Receipts & Expenses in Housing Society
By. Ramesh S. Prabhu . To ascertain the true results of a Society for a particular period it is very important that all expenses are properly classified between Revenue and […]
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