housing societies in Mumbai
No service tax on maintenance charges for Mumbai Housing Societies
After a long period of uncertainty, a tax tribunal has ruled that all housing societies located in Mumbai do not need to pay service tax on any maintenance charges. Housing societies have been arguing in the past that since they provided services to itself (Concept of mutuality) which could not be subject to service tax […]
Residential Building Redevelopment: Guidelines For Housing Societies
In most metros such as Mumbai, redevelopment of old residential buildings is a normal and desirable occurrence. Without redevelopment, there would be no new supply in the fully developed city centres. Also, redevelopment is necessary because every building has an inbuilt shelf-life, after which it becomes unsafe, unattractive to the market and difficult to maintain. […]
