World Water Day - March 22nd
Every year, on March 22nd, we observe World Water Day. This global event raises awareness about the world's water-related challenges, from scarcity to pollution, and promotes the sustainable management of water resources. It’s a day to reflect on how crucial water is for life, health, and
Chennai’s New Parking Policy Mandates Proof of Parking for Car Buyers
The Chennai Unified Metropolitan Transport Authority (CUMTA) has introduced a groundbreaking parking policy that mandates proof of parking for new car buyers in the city. This initiative, approved by the Housing and Urban Development Department, aims to tackle Chennai’s traffic worsening.
Karnataka to increase Electricity Tariff rates from April 2025
Karnataka is set to witness an increase in electricity tariffs. The Karnataka Electricity Regulatory Commission (KERC) has sanctioned the proposal presented by the Electricity Supply Companies (ESCOMs). The revised rates will come into effect on April 1 2025. This will create a financial
How to Prepare Income and Expenditure Account of Co-operative Society
The income and expenditure account of co-operative society is a vital financial statement that determines tax obligations. Tax rates range from 10% for income up to ₹10,000 to 30% for earnings above ₹20,000. Consumer co-operative societies can claim deductions up to ₹1 lakh effectively. Y
Cooperative Society Accounting Made Simple: Issues & Best Practices
Legal mandates like the Societies Registration Act 1860 govern accounting for cooperative society in India. These laws demand detailed documentation of all financial transactions. Many societies find it hard
Telangana Cooperative Societies Act: Complete Guide
The Telangana Cooperative Societies Act, 1964, is a legal framework that governs functioning of cooperative societies in Telangana. It guides people in forming, managing and dissolving cooperative societies. This Act involves several aspects, such as membership, finances, and operations,
Rajasthan Apartment Ownership Act, 2015: Details You Need to Know
The Rajasthan Apartment Ownership Act, was passed in 2015 and came into force in 2019, is a guide that discusses fine points regarding apartment ownership in Rajasthan. These rules apply to apartments and not independent houses. Anyone to whom an apartment is allotted, either sold or tran
Odisha Apartment Ownership Act, 2023: Understanding Key Points
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 the Orissa Apartment Ownership Act, 1982, rather than amending it. The 2023 Act brings in a new framework, aligning it with RERA.