sir, we have a housing society of 350 people in nashik. we want to know whether the income from the trees in the premises of society is belong to society. even the trees are planted by members. pls tell the law. ex coconut , mango etc
shekhar (proietor) 24 October 2012
sir, we have a housing society of 350 people in nashik. we want to know whether the income from the trees in the premises of society is belong to society. even the trees are planted by members. pls tell the law. ex coconut , mango etc
SAA_Bombay (Pro) 25 October 2012
It will be commercialed. Normally, Co-operative Hsg. Soc are non profit organisation. Your society will fall under the purview of income generating society, needs to think from IT point of view. Can show as no profit no loss business in name of charity. Take a call, depending on quantity.
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