Great News for Cooperative Housing Society Members! Mysocietyclub now has UPI (paytm) available for collecting Maintenance bills and any dues payable by society members to the Housing Society. By using this the payment is directly made to the respective bank account. Watch our Online Payment Video Why Paytm? India’s No.1 wallet and payment app for Read more about Online Payment on Mysocietyclub is easy with Paytm now[…]
Many a times we have seen that Managing committee fails in legal compliance not because of time but just due to less awareness on the various compliance required by law. The recent changes (yet to receive consent from Governor of Maharashtra) in Maharashtra Cooperative Society Act, proposed a Fine of 25000/- (Rupees Twenty-Five Thousand) in Read more about Legal Compliance Framework – Cooperative Housing Society[…]
Multiple taxes, even across state borders, has always been known to make the trade in India expensive and complicated. GST (Goods and Services Tax) is a fiscal reform being made to introduce a single taxation system across the entire nation. Manufacture, distribution, and provision of goods and services, fields that pay indirect taxes, will be Read more about Impact of GST on Housing Societies[…]
Nowadays more and more housing cooperative societies are receiving notices from the government, ever wondered why? Housing cooperatives are not exempted from income tax, but to avoid tax liability housing cooperative avoid paying tax. A housing cooperative is either fully or partially taxable are not an exception to this either. Income Tax department does not Read more about Income Tax and Housing Society Cooperatives[…]