Monthly Archive:: January 2011
27 Jan 2011
Expense Tracker Enhancements
Dear ADDA Treasurers, The Expense Tracker (part of Premium PRO & Premium LITE Accounting packages) just got a tremendous face lift. Here are the differences you will see. There is a new tab called “By Vendor”. 1. Entry of Invoices is done “by Vendor” now. Every invoice posting will have to be made against a
25 Jan 2011
Testimonial-Waterwoods
Manoj Jhanji President, Waterwoods “Our new Association started with ApartmentADDA, so we could utilize the readily available best-practice applications, which indicated how other well-run associations are operating.” We wanted to let you know that you and your team have done a wonderful job in coming up with ApartmentAdda Portal, which is very useful to run
21 Jan 2011
Society Accounting Requirements
The guideline for Book-Keeping requirements for Apartment Owners Association is detailed in the Societies Act (1960), some of the specifics about Common Profit & Losses is outlined in the Apartment Owners Act (1972). We present a concise extract of the two here, for quick reference. Accounts (1) The governing body of every society registered under
20 Jan 2011
Testimonial -Paramount Raghavendra Arisht ADDA
G Mukund, President (2010),Paramount Raghavendra Arisht ADDA says: “The service levels of our support staff as well as the turnaround time for attending complaints has become visibly better” “It has been a pleasure working with TEAM APARTMENTADDA.We recently had our GBM in which we presented as one of our actions towards new initiatives & efficiency enhancement
20 Jan 2011
General Meetings for Apartment Owners Associations
Wondering when exactly the General Body Meeting needs to be held – as mandated by the Legislation? Here are the specifics as prescribed in the Acts. The Societies Registration Act (1960) outlines the exact timing of these meetings: General meeting (1) Every society registered under this Act shall hold every year a general meeting called
20 Jan 2011
Dissolution of a Housing Society
What is the recourse for a Society that is dysfunctional? Section 22 of the Societies Act: Provision for dissolution of societies and adjustment of their affairs Any number not less than three-fourths of the members of any society may determine that it shall be dissolved and thereupon it shall be dissolved forthwith, or at the
19 Jan 2011
Double Taxation for Apartment Owners
Have you thought about the fact that Owners of Apartments or Villas in a Gated Community get subjected to Double Taxation? Here is how: Apartment Owners being Property Owners have to pay Property Tax to the local governing Body. This revenue is used by the local governing body to maintain roads, provide street lights, waste
19 Jan 2011
Issue Tracker renamed to Project Tracker
Dear ADDA Admins Issue Tracker is one of the most widely used applications in ApartmentAdda – where the Association Committee keeps track of all the ongoing projects. The MC members keep the updates to each of these projects, contact information of officials etc. in one place. This makes tracking projects easy, none of the projects
19 Jan 2011
Should Societies collect Service Tax from Members
This is a question often faced by newly formed Associations / Societies. Should they collect Service Tax on the Maintenance Charges or not? Do the activities of the Association qualify as a Taxable Service? From our knowledge of Associations / Societies in India, this seems to be the conclusion: Yes, Societies / Associations that meet
19 Jan 2011
Transfer Fee collected by Society is Taxable?
No. The Transfer Fee collected by the Association/Society when a Sale of Apartment/Villa happens, is not taxable. This is irrespective of the fact, if the Fee is paid by the Transferor (Seller) or the Transferee (Buyer). What is Transfer Fee? During the Sale or Re-Sale of an Apartment or a Villa, the Association / Society
09 Jan 2011
Testimonial : Waterwoods ADDA
Manoj Jhanji, President, Waterwoods ADDA says : “Our new Association started with ApartmentADDA, so we could utilize the readily available best-practice applications, which indicated how other well-run associations are operating.” “We wanted to let you know that you and your team have done a wonderful job in coming up with ApartmentAdda Portal, which is very useful
07 Jan 2011
Enhanced “Search” and Excel Export of Poll Results
Dear ADDA Users, Here is a bunch of upgrades we have released in the past few days Search in User Forum Expanded Earlier forum search could only be done for Topic Number and Topic. Now we have expanded search to dig through forum discussions and also find posts by an Author. Search is available in
06 Jan 2011
Reticulated / Piped Gas system in Apartments
Piped cooking gas supply to Apartments is one of the latest value-additions being offered by builders. This centralized distribution system supplies gas to each and every Kitchen through a network of safe piping and is becoming an increasingly popular alternative to the conventional LPG cylinder in every kitchen. The rigors of getting a refill are
05 Jan 2011
Product Releases-2010
2010 Product Enhancements and Releases SLNo Month Release 1 Jan Issue tracker enhancement 2 Jan Complaint tracker upgradation 3 Jan Single Sign on, Masking Names and Real time notification 4 Feb Income Tracker update 5 Feb Notice Manager 6 Feb Search feature 7 Feb Tally integration, Service tax calculation feature, 8 May Public Adda page
01 Jan 2011
Testimonial-Purva Riviera
Rajeev Singh, Vice President, Purva Riviera “I personally acknowledge ApartmentADDA’s diligence in continuously evolving this product based on challenges that we face in day to day running of the apartment complex maintenance operations” Purva Riviera is a huge complex housing 802 flats/families and world class facilities which has to be maintained by our service providers.