Real Estate Forum on Tax

Latest Answer: You need to be aware of the tax duties as a citizen and need to know what are your tax liabilities.If you are talikng about income tax then, the income form other sources include income earned through interest from bank savings accounts and other savings deposits. It means that you have to declare interest on infrastructure bonds, NSCs, fixed deposits and recurring deposits as income from other sources while filing your tax return.

Latest Answer: But this is more than what Delhi and Gurgaon charge?

Latest Answer: The special code identifies each property and keeps a record of whether tax has been paid or not. The corporation has now asked its house tax department to consolidate the unique property identification code (UPIC). UPIC will now be enable the civic body to maintain a database of each property under its jurisdiction.

Latest Answer: Hi Gaurav, As per recent news, more than thirty percent of Delhis population live in areas designated by the government as unauthorised colonies, settlements that are officially categorised as illegal. One of seven unplanned settlement types designated by the Government of National Capital Territory of Delhi (GNCTD), these colonies are built in contravention of zoning regulations, developed either in violation of Delhis Master Plans (for 1962, 2001, and 2021) or on illegally subdivided agricultural land. In recent years, the government has undertaken a range of efforts to regularise these settlements and carry them across the line to full legitimacy.

Latest Answer: What are the procedure to register the property with the authority, i want to register.

Latest Answer: Hi pavan jain, there might be a difference in the shares of the real estate companies but there will be no direct action in property rates. untill the goverment take out some new bills of regulation.

Latest Answer: You can click on this link to get the PID details BBMP Bangalore NEW PID DETAILS

Latest Answer: Yes Mehta and Arif, builders are giving different offers to increase the sales. You can read more in this article in Commonfloor- Pay 30% and own your apartment in Mumbai .

Latest Answer: Yes what you said is correct, in civic body record previous owner will be liable for property tax or other expense till the property is registered in new owner’s name.The new owner name will not be included in record unless the formalities of transfer of property are done.

Latest Answer: The reason for such high outstanding amount is that the owners are legally contesting tax bills of the last many years.