Deduction Under Section 80p for Housing Societies
Co-operative societies generate income through multiple sources throughout the year. These include maintenance charges, parking fees, and other common expenses. When it comes to filing income tax returns, a common question arises: Can a housing society claim deduction under Section 80P?</
Role of Treasurer in Housing Society
The role of treasurer in housing society is essential to realizing financial stability but also the well-being of the community. The treasurer is primarily responsible for managing society funds; however, the functions of treasurer are much broader than bookkeeping. The treasurer's role a
Delhi Societies Registration Act 1860 - A Complete Guide
If you want to set up a formally registered society in Delhi, the Societies Registration Act, 1860 (as applicable in Delhi), gives a clear legal framework. This guide explains what the law requires, how to register, and how housing societies or <a href="https://www.nobrokerhood.com/blog/r
Apartment Maintenance Charges Calculation in India
Cleaning, security, repairs, and common amenities are all included in the ₹2–25 per square foot monthly maintenance fees for apartments in India. For example, apartments in Hyderabad typically cost ₹1,500–6,000 per month, whereas those in Mumbai usually cost ₹4,000–15,000. Societies bill
Odisha Apartment Ownership and Management Act 2023
Odisha Apartment Ownership Act, 2023 is a new set of laws that govern administration of apartments in Odisha. The Odisha Apartment Ownership Act, 2023 replaces Odisha Apartment Ownership Act, 1982, rather than amending it. The 2023 Act brings in a new framework, aligning it with RERA. The
Defect Liability Period for Apartments in India
Construction defects can affect an apartment’s safety, comfort, and long-term maintenance, even after possession is handed over. Knowing the defect liability period helps owners and associations understand the builder’s responsibilities and the steps to take when issues arise. This guide
Solar Panel Subsidy: Eligibility, Requirements, & Process
Sun is a powerhouse of energy. Considering its inexhaustible supply and non-polluting nature, solar energy has witnessed a rapid growth in usage. In recent times, an increasing number of consumers are embracing solar power to decrease reliance on the grid and lower monthly electricity cos
Beyond Four Walls: Why Festive Celebrations Are Better Together
Festivals are built on a simple truth: joy multiplies when shared. It is the aroma of festive sweets wafting through the corridors, the glow of lights across balconies, the laughter echoing from clubhouses, and the familiar warmth of celebrating alongside the people around you. While indi