Property Tax
Nagpur Municipal Corporation (NMC) is on its course to implement the new model of calculating property tax. The proposed model is known as ready reckoner based property tax, which is in reality a capital based property tax. NMC has created various categories of taxpayers according to the respective location of each property. The scheduled general [...] Continue Reading »
Senior citizens and retired employees of Allahabad organised a meeting at Chandra Shekhar Azad Park in which they raised concern over hike in house tax. United Forum of Pensioners Association, expressing the views of retired employees have urged the municipal commissioner, mayor, district magistrate to take measures to reduce the proposed hike. The state government [...] Continue Reading »
The confusion over VAT payable by the builders and buyers in Maharashtra is being handled carefully by the state government and builders alike. The Maharashtra Chamber of Housing Industry (MCHI)-Confederation of Real Estate Developers’ Associations of India (CREDAI) has set up a four-member committee to look for the best option for developers to compute Value [...] Continue Reading »
The number of online taxpayers under the jurisdiction of North Delhi Municipal Corporation has significantly increased this year as compared to last year. According to the North Corporation, 1.83 lakh people have paid property tax online, while 1.41 lakh people deposited tax over the counter in the last eight months. The number of online tax [...] Continue Reading »
While the Bruhat Bangalore Mahanagara Palike (BBMP) announced to start the tax collection drive, it was alleged that it had targeted lower and middle class to collect property tax. Now, the BBMP has come up with the list of 20 major property tax defaulters, who owe almost Rs 16.58 crore to the civic agency. Big [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has started an extensive drive to collect dues from property tax evaders from the city. The civic body has begun the drive as they are taking a strict stand against tax evaders. The municipal commissioner stated that they will start to seize properties of those who refuse to pay [...] Continue Reading »
The state sales tax department of Maharashtra has insisted that the payable value added tax (VAT) is much less than three per cent. This has put buyers who purchased flats between 2006 and 2010 and had paid money, in a fix as to how to recover the additional amount paid. Till now, there has been [...] Continue Reading »
Big house owners in Chandigarh will have to pay more in house tax as compared to those of smaller houses. The Chandigarh Municipal Corporation has decided to impose higher taxes on big houses once the house tax is imposed. The municipal corporation compiled details of the size and number of houses in the city. There [...] Continue Reading »
Bidhannagar Municipality is all set to restart the process of collecting property tax in Kolkata. The civic body had started collecting taxes in March, but the tax collection process had to be stalled a couple of weeks later after some confusion over tax calculation came out. Now the officials have declared that they are to [...] Continue Reading »
Serious flouting of responsibilities of public officials came out in the open in inquiries carried out by Corporation of Chennai. Inquiries have shown that in several cases, assistant revenue officers in the zonal levels do not deposit property tax cheques on time. As a result, residents are fined for late payment. Top Corporation officials suspect [...] Continue Reading »
