Property Tax
East Delhi Municipal Corporation (EDMC) is planning to issue passbooks to payees to retain all property tax within its range and keep property tax payers’ records up to date. A proposal in this regard was put forward in the Standing Committee meeting by MK Ahuja which was approved by other members. Ahuja also proposed that all the property tax payers [...] Continue Reading »
After a month the new property tax formula has been declared, and their factors for various areas of the city, citizens in Gandhinagar posted as many as 1,500 objections before the GMC. The corporation has spent the last one week reading 600 objections that were received from citizens. Sources in the GMC say that another 800 objections [...] Continue Reading »
The Greater Hyderabad Municipal Corporation’s (GHMC) efforts to begin property tax collection from the beginning of the financial year have been delayed. GHMC has not even started to send demand notices to the property owners when it has to actually start collecting a penalty for delay in paying tax for the first half of the [...] Continue Reading »
Given the huge task covering 4 lakh door numbers in the city and issuing tax returns form to all residents, offices and shops concerned, Kochi Corporation may not be able to meet the deadline set by the government, which is August 16. Revenue department officials admit it will not be possible to complete the process [...] Continue Reading »
In less than three months, Pune Municipal Corporation (PMC) has collected Rs 300 crore as property tax from 3.75 lakh people since April 1, 2012. The property tax department in Pune stated that this milestone could be achieved only due to the tax discount scheme of PMC. The tax discount scheme stated that those who [...] Continue Reading »
The civic body in Mumbai has passed a bill to change the property tax calculation system from ratable to capital value based on urgent need. However, the corporators of the city have to say that there was no urgency to do the same. The corporators stated that most of them didn’t know about the proposal [...] Continue Reading »
In the general body meeting, the capital value based property tax system has been cleared which was passed in the statutory standing committee. The proposal was brought for discussion under the ‘Urgent Business’ proposals and was cleared even though it was not on the agenda. Congress members staged a walkout due to the speedy passing [...] Continue Reading »
To decrease the burden of tax on housing properties, Assam Real Estate and Infrastructure Developers’ Association (AREIDA) has suggested the state government to combine the tax into a whole of 10 per cent which includes VAT, service tax, stamp duty, registration, labour cess and NOC fees. The state is already witnessing a hike in property [...] Continue Reading »
A resolution has been passed by the Chennai Corporation recently, which talks about constitution of a committee for assessment of property tax in the city. Now, the Additional Commissioner (Revenue and Finance) of the Corporation has been given power to assess property over 50001 sq ft in both residential and non- residential domain. Additional revenue [...] Continue Reading »
There are many defaulters in Hyderabad who have been eluding property tax. For catching those people and to save crores of rupees lost as revenue in the form of property tax, GHMC Hyderabad has planned to install Geographic Information System (GIS). Two agencies, Vayum Technologies and Vensoft, will help the civic body with the endeavour [...] Continue Reading »
