apartment owners association

Articles and Resources about apartment owners association

Independence Day Celebration In Apartment Communities

Thursday, August 11th, 2011

India got its independence from the clutches of British rule on 15th August 1947. Cultural programs and flag-hoisting ceremonies are the predominant affair of the day. Independence Day is considered as a national holiday in India. On this day most people preferably use to sit back at home and watch the live telecast of Prime [...]

Fire Safety Equipment Installation and Maintenance Is Important

Thursday, March 3rd, 2011

Fire Safety is an important issue for all of us. Most people will never face a major fire but don’t think it will never happen to you. Fire is an unpredictable catastrophe which can occur any time. Hence one should make sure he is always prepared for such contingencies. The primary goal of fire safety [...]

Conditions To Claim Service Tax Credit-Apartment Owners Association

Thursday, February 3rd, 2011

An apartment owners association or Housing society can claim service tax credit if the service provided and received by association falls in same category of service. The Finance Act, 2002 has amended Section 94 of the Finance Act, 1994 to provide for credit of Service. As per section 94(2)(ee) of the Finance Act, 1994, Central [...]

How To Reduce Service Tax Liability of Apartment Owners Association

Thursday, February 3rd, 2011

The Service Tax Return is required to be filed by any person liable to pay the service tax. A small service provider whose aggregate value of taxable services rendered in the previous year has not exceeded the limit of Rs 10 Lakh is exempted from Service Tax. One important question by apartment owners and it [...]

Ideas for Celebrating Gandhi Jayanti in Apartment Communities

Thursday, September 30th, 2010

Gandhi Jayanti is celebrated on 2nd October every year as the birth day of Mahatma Gandhi. The celebration and observance of the birthday of Mahatma Gandhi is to commemorate his sacrifices, morals and his teachings. Mohandas Karamchand Gandhi was born on 2 October 1869 at Porbandar in Gujarat. His morality and his doctrines on non-violence [...]

Checklist For Independence Day Celebrations

Friday, August 6th, 2010

The Independence Day celebration is a moment of pride and glory. Independence Day is celebrated with flag hoisting ceremonies and cultural programs all over the country. On this special occasion, rich tributes are paid to the freedom fighters who sacrificed their lives and fought to free their motherland. This checklist provides a step-by-step guide to [...]

Investment option for Apartment Owners Association

Thursday, July 29th, 2010

Apartment owners’ associations were put into effect to help neighborhoods maintain a look of uniformity and keep property values at their highest possible levels. The associations generally collect monthly dues in an amount barely sufficient to pay for common area maintenance and other expense. Traditionally, investment strategy was simple as interest rates were good and [...]

Do’s and Don’ts for Renovation of your Apartment or House

Friday, July 23rd, 2010

Renovation of your flat without consent of your Housing Society or Apartment Owners Association is illegal. An apartment owners association in any state may be registered under – the Societies Registration Act. Every society has its own set of bye-laws, formulated within the frame work of the Society act, for the state concerned. All members [...]

Checklist for Handover from Builder to Owners Association

Friday, June 18th, 2010

Each apartment complex has its own apartment owners association for maintenance of apartment and its amenities. But before formation of apartment owners association, it is duty of builder to maintain the apartment and its amenities. Most developers provide a corpus fund for maintenance of apartment and its amenities. The maintenance will be carried out by [...]

Income Tax and Rebate for Apartment Owners Association

Thursday, November 12th, 2009

Apartment owners association plays vital role in maintenance of apartment and works for welfare of its members. Apartment owners association may or may not be registered but it is always recommended to register the association to sue or defend any legal action. Apartment owners association collects maintenance charges from its members and earns revenue from [...]