Dhruvin (Articled Assistant) (59 Points)
05 April 2011Hello frnds!!!!
My question is " In a co-operative society, Maintanance Charges are Rs. 2000 per year. If any person fails to pay the charges is he/she laible to pay interest along with that?
Pls can anybody specify the rate of interest that should be charged on Maintanance Charges??
Devendra
(Chartered Accountant)
(4775 Points)
Replied 05 April 2011
NO INTEREST IS CHARGED ON LATE PAYMENT OF MAINTAINENCE CHARGES.
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