Property Tax
Delhi NCR : The land transfer policy of Yamuna Expressway Industrial Development Authority (YEIDA) has been changed. Now the allottees are required to enter to “ agreement to lease” with the authority in order to transfer their allotments. The new policy totally have replaced the old policy which stated , allotments could be transferred without [...] Continue Reading »
Delhi- The government has strictly warned all taxpayers to disclose their true income and those who fails would be receiving notices from the Income Tax Department. Since the tax collected was very less in April-November, it asked taxpayers to file correct returns by December 15, when the third instalment of advance tax is due. The [...] Continue Reading »
Gurgaon: Within the next one and half months, Municipal Corporation Gurgaon (MCG) is all set to collect the property tax from the residents of New Gurgaon areas. As the collection of tax was pending since 2008, the civic body is aggressive enough to collect the house tax. From now onwards, the civic body has decided to [...] Continue Reading »
Delhi: Under the budget estimate for 2013-2014, South Delhi Municipal corporation (SDMC) has spared a hike in property tax for their residents. The corporation will focus on the collection of property tax and will not increase the tax rate and no additional tax or surcharge will be applied. The corporation is trying to bring more [...] Continue Reading »
Hyderabad: The revision of property tax may be a relief for the owners of large number of commercial buildings in the city. Areas like LB Nagar, Uppal, Qutbullapur, Malkajgiri, Kapra, Vanasthalipuram, Kothapet, Kukatpally, Saroornagar, Karmanghat and Gaddiannaram may witness a fall of 25 – 30 percent in property tax. Documents presented at Greater Hyderabad Municipal Corporation [...] Continue Reading »
Chandigarh- The upcoming developmental works related to the Chandigarh Municipal Corporation and UT department will face many problems if house tax is not paid on residential projects. Union government informed UT department about not granting any amount if there is non implementation of house tax. Knowing this Shivraj Patil, UT administrator and Punjab governor also demanded [...] Continue Reading »
A one day camp will be organised by Indore Municipal Corporation (IMC) for property tax defaulters under Mega Lok Adalat at Gandhi Hall and all the zonal offices of the civic body on December 15. Those who have not paid property tax can pay by December 15 to get the benefits of surcharge exemption of up [...] Continue Reading »
Delhi – North Delhi Municipal Corporation (NDMC) has proposed to double the property tax in the area under its supervision. There is a hike of 170% in the base unit area value and 3-5 % increase in the rate of tax across all categories of colonies, as per the proposed budget by commissioner P K [...] Continue Reading »
Delhi - The property tax is likely to go up as East Delhi corporation proposed to increase the property valuation by 1.6 times. The budget was proposed by the Education Management Corporation (EDMC). They revised the professional tax and electricity tax on power generators of five KW and new parking charges on minute basis to [...] Continue Reading »
Kanpur- City mayor, Jagatveer Singh Drona announced a meeting of Kanpur Municipal Corporation officials on Dec 15 to discuss the matter regarding the increment in house tax. Nagar nigam officials finalised an increment of 10 to 15 per cent on annual letting value of the house last month. However, many corporators opposed the tax hike [...] Continue Reading »
