Real Estate Forum on Hyderabad Taxation

Latest Answer: I heard that farmers from Haryana, Uttar Pradesh, Maharashtra, Tamil Nadu, Rajasthan, Haryana and other parts of the country put forward their views during the meeting. The Tamil Nadu leader though expressed disappointment at not many JPC members turning up for the hearing.

Latest Answer: Some 500 crore has also been given to the special development fund under the Chief Ministers discertion quota also. The constitution development fund has also been increased to 1.5 crore. It was previously 1 crore.

Latest Answer: Hey. This is fresh news. There is a full-fledged budget for the new state now, Telangana government proposed a total expenditure of Rs 1,15,689 crore, including non-plan expenditure of Rs 63,306 crore for 2015-16.

Latest Answer: This year, the GHMC has also collected information from the electricity department to identify all those buildings using a commercial connection, so that the building could be assessed as a commercial property

Latest Answer: And I have also heard that people who want to apply for trade licence and advertisements, permissions can also apply online, instead of manually trying for a licence. This makes it easier for ever one who wants to apply for a licence.

Latest Answer: The previous general body had recommended levy of property tax on notarised documents and requested the government to issue appropriate orders to permit GHMC to levy and collect property tax on unauthorised buildings in government, private and ceiling lands with coverage of 2/3 constructed portion and above as per the existing provisions of GHMC Act.

Latest Answer: Hi, the state of the commercial tax is bad right now. I mean, there are not many traders who are not honestly paying the taxes for commercial buildings and malls. Though a majority of traders are paying taxes honestly a sizeable quantity of trading was being run as ‘zero’ business, that means that the traders carry out business without raising proper bills, thus denying the government its due share of taxes.

Latest Answer: During the undivided Andhra, around Rs300 crore was collected as professional tax from employees working in Hyderabad. Commercial tax department credits 95% of this amount to GHMC. After the bifurcation, the department was split up and now AP collects tax from employees, who are from Seemanandhra and do not pay anything to GHMC.

Latest Answer: Hi... this is a Query regarding the Property Tax Bill recieved by me, a couple of days back, for the first time. I have purchased a flat in Medchal, 10 months back. My builiding is 5 years old in total. this is the first time we are going to pay the property tax in Medchal. Now we have recieved the Bill of Rs. 2046/- for F.Y. 2015-16. But some one is insisting us to pay the bill of last five years (considering Rs. 2046 X 5), which comes to a total of more than Rs. 10200/-, without giving last four years bill. I have purchased this Flat last 10 months ago. I think the Tax should be calculated from the date of Registration in my name. if so, how can I pay a 5 years bill at a time, without getting a proper bill of last 5 Years??? when I have received a Bill of F.y. 2015-16 only, then I will have to pay that much only...Naa..??? Plz suggest.... S. Roy.