Transfer fee in housing society fixed to Rs 10k

By Accommodation Times Bureau CHANDIGARH Haryana Government has notified the Haryana Registration and Regulation of Societies (Amendment) Rules, 2018. Now any housing society in Haryana will not charge more than Rs 10,000 as transfer fee in case of change of ownership of apartment. According to the notification, the Society will fix the maintenance

Housing societies on govt plots may get ownership in Maharashtra

By Accommodation Times Bureau The state revenue department is likely to allow conversion of collector land to freehold plots upon payment of a premium. The move would benefit around 3,000 housing societies in Mumbai alone. There are around 22,000 such societies across the state. Salil Rameshchandra, a resident of Chembur's Shivshristi housing society, said conversion

No Capital Gain Tax On Housing Society Redevelopment

By Accommodation Times News Services Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. 2(24) is very wide, a capital receipt is not chargeable to tax as income unless there is a specific provision to that effect. As the residential flat owned by

Meetings and Minutes writting in CHS

By Accommodation Times News Services MEETINGS & MINUTES WRITING OF CO-OPERATIVE HOUSING SOCIETIES A) FIRST GENERAL MEETING 1. The first general meeting of the promoters who have signed the applications for registration of the society shall be held within the period of three months of the date of the registration of the society as provided under rule

Precautions to be taken while purchasing a terrace flat

By Accommodation Times News Services By Advocate Vinod Sampat Please peruse the approved original building plan. check that there is a unambiguous (clear – cut) accessibility of the terrace from your flat only. The terrace should not have access from the common staircase of the Building. This is one of the most