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Showing posts from February, 2018

Non-agriculture tax reduced from 3 per cent to 0.5 per cent

The government on Saturday, February 10, 2018,  decided to reduce non-agriculture (NA) tax from three per cent to 0.5 per cent of the ready reckoner value. Revenue Minister Chandrakant Patil announced it following a meeting with residents associations from Mumbai and Thane, led by Mumbai BJP chief Ashish Shelar seeking relief in NA tax. Patil said, “The government will bring down NA tax from three per cent to 0.5 per cent of the ready reckoner rate.” According to Shelar, “The decision would provide a huge relief to people specially in Mumbai and Thane.” Earlier, t he revenue department is in the process of slapping  notices  to nearly 20,000 housing soceties, commercial establishments in the district including the lake city and Navi Mumbai for recovering nearly Rs 500 cr collectively as non agricultural tax for the current fiscal. The sudden levy of this tax has drawn ire from activists and political parties. The revenue department under the provisions of the Maha...

Can a Society levy Cultural Charges compulsorily in maintenance bill on members?

Q: Dayanand Nene ji, can a Society levy Cultural Charges compulsorily in maintenance bill on members? Our Chairman says it is AGM decision. Please clarify. Ans:     Society cannot charge or demand money / donation for the Cultural/Festival Expenses from their members/residents. The Society cannot implement such Resolution in AGM / SGM and put burden of contributing any money on all the members including the members who are not interested to participate, even though such Resolutions are passed. ( Here, a Muslim or Christian member can deny to contribute these expenses if only Hindu festivals are celebrated in his society). This practice of charging Cultural Charges is followed by many housing societies but because of several reasons though not permissible under Bye-Laws it goes on.  A technical argument done by Managing Committee's is that there is neither an express prohibition nor permission to ask compulsory contributions for funding activi...

Rules for Levy of Non Occupancy Charges

ORDER 4 Government order in respect of Non-Occupancy Charges No.SGS 1094/15165/C.No. 317/14C Co-operative & Textile Department, Mantralaya (Extension), Mumbai -400 032. Dated 9th March, 1995. 1. Whereas most of Co-operative housing societies have accepted model Bye-laws and in Bye-laws No. 45-3(C) of the said Bye-laws, powers are given to general meeting of the society as to at what rate non-occupancy charges should be recovered, in case a member has sub-let some portion of tenement/flat in his housing society, and 2. Whereas it has come to the notice of the government and Registrars of co-operative societies that taking advantages of this provision, some co-operative societies, on the strength of their majority, are recovering non-occupancy charges at unreasonable rates from a member who has sub-let his tenement, and 3. Whereas, though non-occupancy charges could be a source of income of co-operative housing societies it would not be proper to charge non-oc...

नवीन घर घेणाऱ्यांनो सावधान !!!

नवीन घर घेणाऱ्यांनो सावधान !!! सर्व ग्राहकांसाठी महत्त्वाचा सल्ला: २०१९ च्या इलेक्शनच्या तयारीसाठी अनेक राजकीय नेत्यांनी  बिल्डर-डेव्हलपरकडे ठेवलेले पैसे परत मागायला सुरुवात केली आहे. त्यामुळे अनेक बिल्डर-डेव्हलपर्सच्या पायाखालची माती सरकली आहे. कारण त्यांनी विकसित केलेल्या अनेक गृहसंकुलांमध्ये गिऱ्हाईकच नाहीत. कोटींच्या घरातले फ्लॅट इथेकुणाला परवडणार आहेत? पण राजकारण्यांना इलेक्शनसाठी त्यांचं काळं धन परत करण्याशिवाय गत्यंतर नाही, त्यामुळे बिल्डर-डेव्हलपरला जागांचे भाव खाली आणण्याशिवाय गत्यंतर नाही. त्यामुळे रिअल इस्टेट म्हणजे राहत्या जागांचे भाव झपाट्याने  खाली येणार यात शंकाच नाही.  शहरांमधे पाण्याचं प्रचंड दुर्भिक्ष्य असताना, रस्ते नसताना, ड्रेनेज नसताना तिथल्या मोठ्या प्रोजेक्टसाठी बिल्डर  आघाडीच्या हिंदी/मराठी सिनेमा नट/नटींचा चेहरा वापरून तसेच खेळाडूंचे चेहरे वापरून लोकांनी फ्लॅट घ्यावेत म्हणून जोरदार मोर्चेबांधणी केली आहे. मेट्रोरेल्वे, रिंग रोड जवळ इ. जाहिरातीद्वारे प्रचंड मारा करून व GST  रजीस्टरेशन खर्च कमी सोबत कार, दागिने, किचन अक...

Occupancy Certificate, Possession Certificate & Completion Certificate – Meaning & Importance

Occupancy Certificate, Possession Certificate & Completion Certificate – Meaning & Importance Do you own a Flat in an Apartment / high rise building?  (Or)  Have you booked a Flat which is  under Construction ?  Then you need to know the importance of documents like Completion Certificate  (CC)  and Occupancy Certificate  (OC) . Occupancy Certificate is also known as Possession Certificate  (PC) . As these certificates are not required while registering a property, most of the home buyers tend to overlook or ignore collecting these documents from their previous owners or builders of the apartment. I can confidently say that there are thousands of buildings in cities like Mumbai or Delhi which have been occupied without any Occupancy Certificates. In many of the cases, the building plans of these apartments are approved but they do not get OCs due to not sticking to the approved building plan or due to other violations. ...