Property Tax
If garbage menace and failing infrastructure in the city was not enough, Bruhat Bangalore Mahanagara Palike (BBMP) is all set to give another blow in the form of hike in property tax. It is said that BBMP Standing Committee on Tax and Finance has submitted a proposal to increase unit rates of property tax by [...] Continue Reading »
Ropar- Ropar Municipal Council has given its approval for the imposition of property tax in the town against opposition by some of its councillors. The Punjab government had proposed imposition of property tax and few of the councillors opposed it saying that paying property tax would be a burden to the residents in the town. [...] Continue Reading »
Ahmedabad- The Ahmedabad Municipal Corporation (AMC) has proposed a 100 percent hike in tax for residential properties and 45 percent for non-residential properties. The annual property tax for residential buildings is likely to be raised from Rs 10 to Rs 20 per square metre. And for non-residential properties, the tax will be raised from Rs [...] Continue Reading »
Gurgaon- Earlier the imposition of the house tax by the Municipal Corporation of Gurgaon (MCG) was opposed by the property owners in private localities and townships but now the residents of plotted houses in HUDA sectors are following the same. Residents from HUDA sectors have trained their people on the MCG for dispatching the house tax notices [...] Continue Reading »
The Ministry of housing has sought tax sops, under the section 80IB (10) of the Income Tax Act, for the developers of affordable housing projects. A senior government official said the housing ministry has also asked for service tax exemption for private developers of the affordable housing projects. Also, the ministry has suggested that the [...] Continue Reading »
Property registration in Mumbai goes online! Downloading of property registration documents in Mumbai will be allowed very soon by the inspector general of registration (IGR). Now, citizens do not have to wait in queue to visit registration offices to get hard copies of the transactions. The departments at present receives four lakh requests approximately seeking [...] Continue Reading »
The draft civic budget which was presented recently with an 8% hike in property tax in Pune for 2013-14 has been opposed by a citizen group in the city. Sajag Nagrik Manch, a citizen group, has opposed the said hike in property tax for properties in Pune. However, the municipal commissioner wants the hike to [...] Continue Reading »
Hyderabad- Due to conspiracy of field-level property assessment staff and property owners, Hyderabad government is deprived of 50 percent of its rightful revenue in municipalities and municipal corporations. This news was confirmed by Municipal Administration and Urban Development. In this regard, a pilot survey was conducted for a GIS-based system for assessing property tax in the Greater Hyderabad Municipal [...] Continue Reading »
Panaji- The government of Goa has notified draft rules for imposing house tax of only one rupee on each residential property in village panchayats of Goa. It has asked public to give their suggestions in this regard within 15 days. This seems to be a part of the BJP government’s pre-election promise to abolish house [...] Continue Reading »
In order to recover property tax, the south Delhi municipal corporation has decided to attach their bank accounts. A senior officer of SDMC said, this action will be taken by this weekend. Strict action will be taken on Delhi International Airport Limited (DIAL) which owes Rs 85 crore as property tax to the civic body. [...] Continue Reading »
