Questions & Answers On: transfer charges by co-op housing society

Can a co-op housing society compel members to pay donation?
Subject: Can a co-op housing society compel members to pay donation?
Category:  co-op housing societies
Asked by: Narendra Rajput
Answered by:
Tags: ,
Date: September 14, 2018
Excerpt of answer:

A Society is not expected to indulge into profiteering business from the members and if such amount is earned, then it is taxable under the law. There is no bar for any member to pay donation to the Society, however, it should be voluntary without any compulsion and coercion. No manner the transfer fees can be charged under the pretext of donation