GST on Apartment Maintenance Charges- Rates and Applicability
Maintenance Charges are the contributions that apartment buildings or Resident Welfare Associations (RWAs) receive from the residents in order to fund the maintenance and oversight of shared facilities. These costs often cover cleaning, safety, and maintenance of common areas such as swim
Housing Society Income Tax- Rules, Tax Slabs, ITR Filing
Managing finances in a housing society is a complex process. Members of the society contribute the major chunk of income for different purposes such as maintenance charges, property tax, fund allocation, and municipal taxes. Such incomes are not taxable. However, as per the Income Tax Act
Redevelopment of Housing Society: Process, Rules, Challenges
Have you ever wondered how old housing societies transform into modern and useful living areas? Redevelopment of a housing society gives new life to old buildings and makes them safer while providing residents with better services. Let’s have a look at the basics of redev
Water Supply in Housing Societies- Problems and Smart Management
Water supply in housing societies is a daily concern for many residents in India. Irregular supply, tanker dependence, and rising costs make it stressful to manage. Managing water supply in housing societies is not just about availability but also about efficiency and fairness. The soluti
Who Can Become Chairman of the Housing Society
Every housing society comprises a committee of house owners where they can raise concerns and discuss potential solutions for various society-related issues. This committee is supervised by the chairman who is vested with a lot of powers to carry out some responsibilities for the society,
What is a Corpus Fund? Benefits, Rules and Calculation
A financially healthy housing society needs careful planning not only for day-to-day operations but also for long-term stability. A crucial element in achieving this is the corpus fund, a dedicated reserve that allows societies to handle maintenance, upgrades, and unexpected expenses smoo
How to Fill Casual Vacancy in Managing Committee of Housing Society
A managing committee of a housing society is responsible for looking after all daily activities of buildings and their residents. The committee is also responsible for managing finances like collecting maintenance charges, raising funds, managing funds for events, and keeping reserve mone
Society Rules for Flat Renovation in Mumbai
Renovating a flat in Mumbai often feels stressful, not because of the work itself, but due to society approvals, timing restrictions, and neighbour concerns. Many residents start work without knowing the rules and end up facing delays, fines, complaints or even stop-work notices. The soci