Housing Society Audit & Compliance Services
Your Society's Complete Financial Partner
From statutory audit to maintenance billing, TDS returns to register maintenance — we handle every compliance requirement so your Managing Committee can focus on residents.
Accounting & Bookkeeping
- Monthly income & expense ledger with fund-wise tracking (sinking, repair, reserve)
- Maintenance collection accounts — member-wise receivable and outstanding statements
- Bank reconciliation & expense tracking with vendor payment documentation
- Annual Balance Sheet & P&L in format prescribed by MCS Act / bye-laws
- Audit-ready accounts with vouchers, invoices, and approval trail
Taxation Compliance
- Income Tax Return filing — ITR-5 with Section 80P deduction claim
- Treatment of non-member income: mobile towers, advertisements, parking, shop rent
- GST registration & returns (if commercial rental > Rs.20L or maintenance > Rs.7,500/member/month)
- TDS deduction on contractors (194C), professionals (194J), rent (194-I), interest (194A)
- Monthly TDS deposit via Challan 281 + quarterly Form 26Q + Form 16A issuance
- Tax audit & Form 10BB (if applicable)
- Professional Tax — PTEC (employer) + PTRC (employee) registration and returns
Minutes Preparation
- AGM & SGM notice drafting, agenda preparation, and minutes recording
- Managing Committee meeting minutes with proper resolution format
- Special resolutions for capital expenditure, bye-law amendments, and major decisions
- Chronological Minutes Book maintenance — ready for inspection
Statutory Registers (4 Registers)
- Register of Members (Form J) — updated with transfers, nominations
- Register of Share Certificates — allotment, transfer records
- Register of Transfers & Nominations — member changes tracked
- Register of Investments & Assets — FDs, sinking fund, property, dead stock
Notice Reply — Tax Authorities
- Income Tax scrutiny, TDS demand, and penalty notice analysis
- GST show cause notices and demand order replies
- Cooperative Department inspection reports and compliance orders
- BMC/Municipal property tax assessment disputes
- Detailed written reply preparation + representation before officer + follow-up & closure
Digital Society Billing
- Monthly / quarterly bills generated — flat-wise, member-wise with fund breakup
- Email delivery to society office and each member
- WhatsApp bill delivery to every member (via AiSensy integration)
- Arrears tracking, 90-day aging analysis, and outstanding statements
- Demand letters for overdue members with interest computation
- Annual collection summary for AGM presentation
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Frequently Asked Questions
Yes. Under the MCS Act, 1960, every registered cooperative society must get accounts audited by a CA annually. The report is placed before the AGM and submitted to the Registrar.
If gross income exceeds Rs. 2,50,000 (before 80P deduction), yes — file ITR-5. Even below threshold, filing is advisable for 80P claim and clean records.
On contractor payments > Rs. 30K single / Rs. 1L aggregate (194C), professional fees > Rs. 50K (194J), and interest > Rs. 10K (194A). Monthly deposit by 7th, quarterly return.
Up to Rs. 7,500/member/month — exempt. If exceeded, 18% GST on ENTIRE amount (not just excess). Commercial rental income is always taxable.
Members (Form J), Share Certificates, Transfers & Nominations, Investments & Assets. We maintain all 4 plus Minutes Book as part of the annual package.