Civic Issues
While opposing the proposed increase on property tax in the civic budget, the Nashik Municipal Corporation‘s (NMC) standing committee (SC) points out at alternative areas of revenue generation. They have suggested levying of commercial tax on small businesses operating out of domestic premises. Standing committee chairman Uddhav Nimse stated that out of 1,132 galas owned [...] Continue Reading »
Income-Tax department officials will issue a fresh ‘Property Attachment Notice’ to the Swarnandhra IJMI Integrated Township Development Company Pvt. Ltd. properties at Kukatpally. As sources say, this is an outcome of the developer’s failure to pay a total of Rs 66.59 crore corporate tax. V.V. Rao, Malaysian Township Owners’ Association member, said that the income [...] Continue Reading »
The Corporation of Chennai has taken up recent initiative to collect an estimated property tax of Rs. 750 crore in the year 2012-13. While the department is hopeful of this renewed tax efforts, there are key challenges ahead which are yet to be addressed. As for reaching the estimated target of 750 crore, groundwork has [...] Continue Reading »
The Supreme Court’s order regarding property tax collection from private developers’ area will not have any impact on the revenue generated from house tax, claimed the Municipal Corporation of Gurgaon. The corporation hopes to earn Rs 500 crore through the property tax collection with the current fiscal budget. Senior officers have claimed that behalf of DLF’s [...] Continue Reading »
Economic slowdown in the country has even hit tax collection in the April-June quarter. Only 6.77 per cent growth in gross direct tax collection has been recorded in the quarter while the target for the year was 15 per cent. The gross tax collection for the quarter was over Rs 1.11 lakh crore as against [...] Continue Reading »
North Delhi Municipal Corporation today insisted officers to collect taxes with sincere efforts so that it would help the body. Standing Committee Chairman, Yogender Chandolia, said that approximately Rs 4,800 crore can be collected from regularisation of unauthorised construction, floor wise regularisation, freehold the shops transferred from the government and by charging property tax on [...] Continue Reading »
The ‘Garden City’ residents are waiting to see when the Bruhat Bangalore Mahanagara Palike (BBMP) will wake up to their plight and takes some remedial action against garbage that is piling up in Bangalore as the contractors are not bothered to collect it. The communities, who live around Mavallipura, where the city’s garbage was dumped [...] Continue Reading »
The high power expert committee (HPEC) in its report to the union government has recommended that the property tax system in the country should be rationalized. Property tax should be retained as a general benefit tax, and its components such as water tax and sewerage tax should be replaced by appropriate ‘user charges’, recommended the committee. It also recommended [...] Continue Reading »
The condition of Victoria Road in Bangalore city is in pathetic condition causing problem to patients coming to Victoria hospital and to the Majestic-bound motorists from Ulsoor, Viveknagar and other areas. The BBMP authorities, who create a lot of fuss whenever a house owner digs road for water or electricity connection, are not taking any [...] Continue Reading »
It has been nearly six months that the residents of ISRO Quarters on G-5 Road (KV NAL Road), Jeevan Bhima Nagar are facing acute drinking water shortage problem. Ironically, though BWSSB water supply stopped long back, the residents are getting their water bills without fail. Earlier, water was supplied on alternative days. But now it [...] Continue Reading »
