{"id":2595,"date":"2012-03-07T19:16:53","date_gmt":"2012-03-07T13:46:53","guid":{"rendered":"http:\/\/apartmentadda.com\/blog\/?p=2595"},"modified":"2023-11-02T03:44:26","modified_gmt":"2023-11-02T03:44:26","slug":"noc-for-housing-society-accounting","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2012\/03\/noc-for-housing-society-accounting\/","title":{"rendered":"NOC for Housing Society Accounting &#8211; What is it?"},"content":{"rendered":"<p>Many Societies charge a Non Occupancy Charges for Apartments that are rented.\u00a0 These charges involve NOC for <a href=\"https:\/\/adda.io\/apartment-association\/society-accounting-software\">housing society accounting<\/a> and are made part of the Monthly or Quarterly Invoices or Demand Notes.<\/p>\n<p>Here are a few FAQs about Non Occupancy Charges (NOC) by <a href=\"http:\/\/adda.io\/\">ADDA<\/a>.<\/p>\n<p><strong>1. Is NOC a function of the amount of Rent collected by the Owner?<\/strong> E.g., 20% of the Rent collected is paid as NOC to the Housing Society?<\/p>\n<p>Ans. NOC is prevalent in the state of Maharashtra. The Model By-Laws leave it in to the GBM to decide the structure of the NOC.\u00a0 The State Government&#8217;s issue on NOC regulations in 2001 had provided for NOC to be calculated as a function of the Service Charges \/ Maintenance Charges.\u00a0 However, when the ruling was challenged by the <a href=\"http:\/\/indiankanoon.org\/doc\/1796987\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mont Blank CHS<\/a>, the Court had provided an interim relief to this society to collect up to 10% of the Rent recovered by the Owner, as NOC.<\/p>\n<p><strong>2. What is the typical NOC charge collected.<\/strong><\/p>\n<p>Ans. Again, per Model By-laws this is left to the General Body to decide. However, per State Government regulation, the NOC is capped at 10% of the <a href=\"https:\/\/adda.io\/blog\/2021\/03\/apartment-maintenance-charges-all-you-need-to-know\/\">Service Charges \/ Maintenance Charges<\/a>.<\/p>\n<p>Calculating NOC for housing society accounting has become much easier with ADDA&#8217;s robust <a href=\"https:\/\/adda.io\/apartment-association\/society-accounting-software\">society accounting software<\/a>?\u00a0<strong><a href=\"https:\/\/adda.io\/contact\">Click here<\/a>\u00a0<\/strong>to know more about ADDA ERP from experts at <strong>022-48905764\u00a0<\/strong>or \u00a0<a href=\"mailto:sales@adda.io\"><strong>sales@adda.io<\/strong><\/a> in detail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many Societies charge a Non Occupancy Charges for Apartments that are rented.\u00a0 These charges involve NOC for housing society accounting and are made part of the Monthly or Quarterly Invoices&hellip;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[2024,2019],"tags":[354,192],"class_list":["post-2595","post","type-post","status-publish","format-standard","hentry","category-adda-community-accounting","category-adda-india-housing-society-apartment-management","tag-noc","tag-society-accounting"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/2595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=2595"}],"version-history":[{"count":2,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/2595\/revisions"}],"predecessor-version":[{"id":14645,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/2595\/revisions\/14645"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=2595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=2595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=2595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}