sandeep
(Querist) 02 September 2016
This query is : Resolved
One of the members of housing society has total outstanding amount is 1 lakh in that principal amount is 65000 and interest is 35000 . If the defaulter member paid 30000 amount then it is adjusted towards interest or principal amount. As well as housing 1) society can charge 21% annually interest on total maintenance bill or only charge on general maintenance. 2) Housing society have right to charge annually 21% interest on bmc tax and water charges. 3) Society can charge 21% annually interest on penalty if member is not paid penalty still more than 4 months.
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