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Can housing society charge compound interest i.e. interest on outstanding interest. Society is commercial (offices)

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Can housing society charge compound interest i.e. interest on outstanding interest. Society is commercial (offices)
K. L. Shah posted October 9, 2020 at 5:34 pm
Lokesh Nath
1
October 12, 2020 at 5:15 pm
The interest shall be as per the agreement between you and builder and the terms set out in the agreement. In Maharashtra and many other states, according to law, only simple interest can be charged on the maintenance fe

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Taxes K. L. Shah 5 years 1529 views

Can housing society charge compound interest i.e. interest on outstanding interest. Society is commercial (offices)

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Can housing society charge compound interest i.e. interest on outstanding interest. Society is commercial (offices)

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