suren
01 December 2014 at 15:27
Dear Experts
I am a resident of a co-operative Housing Society where society is formed but conveyance deed with Builder and society is not yet done.
Hsg Society wish to issue Share Certificate to its members.
Kindly guide us towards procedure to be followed / paper work to be done in this regard
suren
20 April 2014 at 16:53
Dear Experts,
Our housing Co-op society proposes to invite Maintenance Fund Deposit ( Interest free ) from its member.
The Society further proposes to keep the same in a Co-Operative Bank in the Joint Name i.e. Society"s will be at First holder Name, Jointly with concerned member at second .
The interest accrued on such deposit will be credited to the society's account directly by bank and society in turn will adjust the same amount in the maintenance fund payable by the member from time to time.
further, at the time of maturity, the fund (Principal) will go back to member's account as per the terms and conditions laid down while putting the FDs with Bank.
Query :-
What will be the Income Tax Liability of such interest income generated.
Interest is credited directly to Hsg Society's account (exempted being co-op to co-op).
Or, will it be liable to member ???
Thanks and Regards
suren
04 April 2014 at 16:45
Dear Experts,
Our housing Co-op society proposes to invite Maintenance Fund Deposit ( Interest free ) from its member.
The Society further proposes to keep the same in a Co-Operative Bank in the Joint Name i.e. Society will be at First Name, Jointly with concerned member at second place.
The interest accrued on such deposit will be credited to the society's account directly by bank and society in turn will adjust the same amount in the maintenance fund payable by the member from time to time.
further, at the time of maturity, the fund will go back to member's account as per the terms and conditions laid down while putting the FDs with Bank.
Query :-
What will be the Income Tax Liability of such interest income generated.
Interest is credited directly to Hsg Society's account (exempted being co-op to co-op).
Or, will it be liable to member ???
Thanks and Regards
suren
16 August 2013 at 13:29
Dear Expert,
Ours is huge co-operative housing society having around 400 flats in Pune.
We are under process to Form Co-Operative Hsg Society and want to know :-
What are the Charges (Types) can be collected by the Hsg Society ?
Is there any discrimination in the charges such levied can be imposed as per the size of the flat ?
Your detailed guidance with proper Section of By-Laws will be really a great help.
Regards
suren
05 October 2012 at 14:05
Dear Experts
Sisters wants to execute Gift Deed of ancestral house property to:-
1 her brother
2 her sister-in-law
3 Nephew/s
Kindly let me know the Stamp duty Rate applicable in Tamilnadu for each category
Thanks & Regards
suren
03 September 2011 at 11:14
Dear Experts,
In Maharashtra, what is the rule / procedure for Police Verification of a Tenant.
Please also submit formats for application / permission / verification etc.
Thanks & Regards
Suren
HINDUSTANI
18 March 2011 at 12:39
Dear Sir,
My sis was married to an indian man who works in london, uk and after marriage, she went to london and stayed with him for an year. During that period he acted violently with her and beat her profoundly due to which london police was called off and he was kep in custody for one night and was only released on the request of my sis.After that incident he kept luring my sis to come back to india and somehow convinved her on false pretext. when they came back to india, he filed a divorce case in family court due to which she is totally devasted.He is claiming he earned Rs.5 Lakh annualy. he is a process engineer in oil and gas company of UK and may be earning atleastRs.6 to 7 lakhs a month. We are finding it really very difficult to trace out his finances so that a comparable maintenance can be claimed for the deceased. Also we do not want divorce and perhaps are interested to settle the matter but he seems to be in no mood. I have also contacted uk embassy in mumbai but they choose to abstain. I hv also approached Ministry to external affairs to seek info from High commissisonof india, london office but am not very sure @ results. can u please guide how can we trace his finances to claim maintenance, if he doesnt agree to stay together.
Anonymous
05 February 2011 at 17:07
DEAR EXPERTS,
I HAVE GOT POSSESSION OF FLAT (COST 20 LACS) IN FY 2009-10 WHICH WAS BOOKED IN FY 2006-07 AND PAYMENTS WAS MADE AS PER THE WORK PROGRESS OF THE BUILDING ACCORDING TO AGREEMENT.BANK LOAN IS ALSO AVAILED .
I have sold 12 YRs OLD FLAT(COST 7 LACS) AT ABOUT Rs. 18 LACS in Sep-10.
As per my belief No Capital Tax will be attracted as the date of possession of new flat is within a year from selling of old flat.
Kindly confirm and also quote case laws.
THANKS & REGARDS
Anonymous
19 October 2010 at 13:37
Dear Experts,
Kindly let me know any procedure / formality to be done under Provident Fund Act in respect of those employees whoes joing basic salary is more than rs 6500/= for getting exemption.
Thanks a lot
© 2025 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Incometax
Dear Experts,
Our housing Co-op society proposes to invite Maintenance Fund Deposit ( Interest free ) from its member.
The Society further proposes to keep the same in a Co-Operative Bank in the Joint Name i.e. Society will be at First holder Name, Jointly with concerned member as Joint/Second Holder .
The interest accrued on such deposit will be credited to the society's account directly by bank and society in turn will adjust the same amount in the maintenance fund payable by the member from time to time.
further, at the time of maturity, the fund (Pricipal) will go back to member's account as per the terms and conditions laid down while putting the FDs with Bank.
Query :-
What will be the Income Tax Liability of such interest income generated.
Interest is credited directly to Hsg Society's account (exempted being co-op to co-op).
Or, will it be liable to member ???
Thanks and Regards