Property Tax
Chandigarh- The monthly housing meeting of Chandigarh Municipal Corporation held on January 31, 2013 resulted in elaborated calculation to levy house tax in the city. It proposed imposition of tax as follows- a) For owners having house more 125 sq yd or five marlas or 1360 sq ft area are suppose to pay house tax [...] Continue Reading »
Ahmedabad – The Ahmedabad Municipal Corporation (AMC) has extended the time period of rebate scheme of paying property tax till February 21, 2013. Every year AMC launches this scheme during the end of financial year to recover the property tax. Last year this scheme was extended till March 31, 2011. This announcement will relieve those [...] Continue Reading »
With the new property tax bills arriving, residents from Mumbai suburbs have joined hands against it. With this, the rest of the city also is not behind and has melded into chorus. The residents claim that the new system is ‘draconian’ and has slapped exorbitant arrears which have to be paid within March 15. As [...] Continue Reading »
Pune Municipal Corporation has recently proposed to decrease tax rebate for repairing properties in Pune from 15% to 10%. The charging of 15% tax rebate was first initiated 42 years back. This proposal has been decided for both residential and commercial property owners for repair of their properties and make it 10 percent as per the [...] Continue Reading »
In view of the huge difference in the tax amount due from them and the actual tax paid, the BBMP has taken up a drive to verify the property tax filed by the commercial properties in the city. Big players in the hospital industry have made an entry into the infamous list of property tax [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) is thinking of a new game plan to collect more property tax. After a detailed study of commercial properties now the civic body is focusing on domestic properties. A senior official, said that BBMP was planning to use the khata and electoral details to collect more property tax. Many [...] Continue Reading »
In yet another instance, Brihanmumbai Municipal Corporation (BMC) has failed to recover dues worth Rs 2800 crore as per internal audit reports. Also, they have failed to recover another Rs 2264 crore dues from the state. Around 51 audit reports were prepared contain 1.5 lakh audit notes. The civic body preferred to stay silent over [...] Continue Reading »
Pune Municipal Corporation (PMC) has recently decided to hike property tax by 6%. This will be the first hike after four years. Corporators at PMC standing committee meeting approved the hike for the financial year 2013-14 and it will be applied from April 2013. Earlier, the civic body had proposed to increase property tax by [...] Continue Reading »
New-Delhi- With the Chennai Corporation hiking the property tax, the IT companies are quite worried off late and are planning to meet the senior state government officials in a day or two pertaining the issue. A tax hike of about 50 to 200 percent was imposed on the IT industries. According to a senior official from an [...] Continue Reading »
Hyderabad- After a heavy loss of revenue in municipalities and municipal corporations, Greater Hyderabad Municipal Corporation (GHMC) is all set to collect property tax and other revenue. The financial year 2012-13 is approaching and GHMC commissioner has appointed various senior officials to check the collection of property tax on day to day basis. These appointed [...] Continue Reading »
