Property Tax
Punjab government extends the deadline to pay property tax by three months CHANDIGARH: The Punjab government on Thursday declared a three-month continuation in the deadline proclaimed to pay the outstanding house tax or property tax outwardly without any penalty. In a press report, local bodies minister Brahm Mohindra stated that the government had resolved to partly exclude a class of [...] Continue Reading »
DEHRADUN: The Dehradun Municipal Corporation (DMC) has inflicted huge penalties on 15 commercial properties for disrupting the self-assessment procurement while repaying their property tax. A DMC team conveyed a casual investigation to confirm the authenticity of the area square meters sent by 50 leading commercial properties of Dehradun. During the verification procedure, the DMC team found that 15 of [...] Continue Reading »
Tax department wants realtors to reverse transition credit MUMBAI | NEW DELHI: Real estate players that had commenced taxes paid following more advanced tax administration upon their Goods and Services Tax (GST) mortgages have begun collecting tax demands from the secondary tax department. The tax department requires real estate developers to modify the credit demanded as development credit [...] Continue Reading »
NEW DELHI: South Delhi Municipal Corporation has begun a unique drive to penalize violators discharging construction and demolition trash in the public throughout the night. On Wednesday, administrators from the civic means grabbed five such insolvents and yielded their circumstances with the Delhi Pollution Control Committee. “Despite clearly considering the situations where somebody can [...] Continue Reading »
From the beginning of November, a one-time password (OTP)-based verification will be compulsory for all property registrations in the state. This OTP-based property registrations is intended for restricting duplication and other irregularities during property registration. This move also comes in the wake of the Kaveri Software, which contains the property records database, being hacked. Karnataka has [...] Continue Reading »
Following protest against new taxes-sewage benefit tax, water benefit tax and road tax, Nagpur Municipal Corporation halts proposal to introduce taxes. Nagpur City Congress Committee president Vikas Thakre and Congress corporators protest against the proposed taxes outside NMC’s town hall. NMC general body meeting was supposed to discuss the introduction of new taxes. But, mayor [...] Continue Reading »
The Commerce Ministry has come to a conclusion that once the Narendra Modi and his government comes to power, there will be a new pitch for restoring the tax benefits for the SEZ (Special Economic Zones) Earlier the taxes of SEZ were free from any kind of obligation but since the yea 2011-12, this came [...] Continue Reading »
The IT department has turned red eye on the farmers and the real estate developers in Surat and other parts of south Gujarat region. In last two days, the department has issued notices to nearly 400 farmers and real estate developers asking them to submit issued amount on the sale of agriculture land within two [...] Continue Reading »
The segment of home loans continues to witness strong growth despite the slowdown in the economy. According to the vice-chairman & CEO of HDFC Ltd – Keki Mistry; the fiscal year of 2014 is expected to be yet another year of good growth in regards to home loans as customers bring forward home purchases to [...] Continue Reading »
The BMC recently has been the cause of much public despair and angst, for considering a proposal that would bring construction activity under the purview of local body tax (LBT). The recently introduced Local Body Tax (LBT) in Maharashtra empowers the local civil body to levy taxes on traders for importing goods into the city. [...] Continue Reading »
