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Alps Valley in Porvorim, Goa

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Alps Valley in Porvorim, Goa

Last updated: December 26 2018
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  • Alps Valley in Porvorim, Goa

    Hello all,

    Our builder has collected an amount of Rs. 150000 from each members as "Lifetime Maintenance".

    Once the societry was formed...we realised that the monthly outgoings were too high to maintain with just the interest of the money collected by the builder. So we started collecting half-yeary amounts from all members.

    The builder has deducted the expenses he incurred to run the society and is willing to give us the rest of the amount which is more than 50 Lakhs.

    i was informed by someone that if the builder deposits that amount into our society account...we would be taxed for it

    Please let us know if this is true and how to avoid this situation.



    thank you
    Last edited December 26 2018, 01:01 PM.
  • #2

    #2

    Re : Alps Valley in Porvorim, Goa

    Can u name the Project and the Builder? A thread may already exist on it.
    Please read IREF rules | FAQ's

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    • silvia.dsilva
      silvia.dsilva commented
      Editing a comment
      Alps valley goa
      Alps constructions. Mr. Abhijit Puranik
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