Civic Issues
Buyers Alert! Home buyers in India will have to think twice before buying luxury homes with price tags of over Rs 50 lakh. The home buyers who have already booked under construction apartments that cost over Rs 50 lakh will have to pay one percent tax deducted at source (TDS) and this tax burden is [...] Continue Reading »
Property owners who are staying within 500 metres radius and along the outer ring road (ORR) need to pay betterment tax. MUDA has proposed to impose tax on the property owners to generate more revenue. The civic body is planning to collect Rs 20 crore in the next fiscal from the proposed betterment tax. If [...] Continue Reading »
Kerala – The Union affairs Minister has approved the amendments to the Kerala Property Tax Act 2011. The new rates will be applicable from April 1, 2013 onwards. The return forms have been simplified and additional burden on homeowners has also been removed. There will be no fine imposed on the house owners who had failed to [...] Continue Reading »
Pune Municipal Corporation (PMC) has recently demolished 38 illegal structures standing tall in Shivajinagar, KasbaPeth, Wadgaonsheri, NIBM Road and Shivarkar Road. These structures which were razed by the civic body include 38 tin shed structures and eight concrete houses located in the slums. PMC has already started the demolition drive which has been one month [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has given a relief to the residents of Mumbai by announcing an extension in dates for payment of property tax. Now, the last date for paying the new capital value based property tax is extended by three months. However, an official announcement is yet to be made. For many days, citizens [...] Continue Reading »
Kochi – As the commercial activities of Kochi city are largely shifting to its suburbs, municipalities of Kalamassery, Thrikkakara, Tripunithura and Maradu are witnessing a major increase in tax collection. The municipalities are expecting a combined revenue of over 60 percent of the revenue of the Kochi corporation (Rs 60 crore). The real estate growth [...] Continue Reading »
Lucknow- Due to shortage of revenue inspectors, Lucknow Nagar Nigam (LNN) has reduced the target of house tax to Rs 100 crore from Rs 120 crore. The revenue inspectors had planned to collect house tax from all houses which comes under tax net. In Lucknow, around 5,62,000 properties come under tax net. According to authorities, [...] Continue Reading »
Residents of housing societies in Mumbai are planning to stage a dharna and one day hunger strike at Azad Maidan to protest the new property tax system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in the ready-reckoner rates. They claim it [...] Continue Reading »
Bhopal – With the instructions given by Mayor and Bhopal Municipal Corporation (BMC) Commissioner, officials have pulled up their socks to collect taxes from defaulters in various zones of the city. They have also taken up serious action in many wards of the city. They have seized two properties in Bhopal and 59 tap connections [...] Continue Reading »
With the increasing population and vehicles on road, Brihanmumbai Municipal Corporation (BMC) had thought of an initiative to put an end to parking woes. If everything goes fine and the proposal gets approved, some of the areas in South Mumbai will be reserved for parking vehicles. Owners will have to pay to reserve the space [...] Continue Reading »
