Property Tax
Nashik- Following an issue raised by an opposition leader at the general body meeting regarding selective waiving of property tax, the Nashik Municipal Corporation (NMC) asked the property tax department to conduct a probe on the issue. The opposition leader, Sudhakar Badgujar, had claimed that the deputy commissioner (taxes) has selectively waiving property tax worth [...] Continue Reading »
Ludhiana- The Municipal Corporation and district administration, had announced that the property tax has been implemented in Ludhiana from April 1 while the civic body has failed to fix the unit values and complete the survey by the deadline. The joint commissioner of municipal corporation, P S Ghuman, had announced that, property tax has been [...] Continue Reading »
Punjab- The Punjab government is all set to impose property tax from April 1, 2013. The government is expecting to collect nearly Rs 1000 crore annually by this exercise. The state has been divided into eight zones in order to calculate tax ratio on property. The zoning has been done on the basis of prevailing [...] Continue Reading »
Hubli- The Hubli Dharwad Municipal Corporation (HDMC) has initiated aggressive campaigning to meet its property tax target for current fiscal. With financial year ending, the corporation has started making announcements over loudspeakers through its vehicles. The corporation officials are distributing pamphlets and issuing notices to people who have not paid tax despite requesting them to [...] Continue Reading »
Hyderabad- Financial year is ending and till now the Greater Hyderabad Municipal Corporation (GHMC) has collected only Rs 620 crore as property tax. In 2012, the property tax collection at the same period was Rs 486 crore. This means that the current collection is Rs 134 crore more than the last year. But the corporation [...] Continue Reading »
Gurgaon- Now, the residents of Gurgaon can soon correct their discrepancies and objections of house tax assessment themselves by using municipal corporation web portal. This decision was taken by authorities of Municipal Corporation, Gurgaon (MCG) as it could not resolve thousands of pending objections. The house tax assessments were sent to residents by the municipal [...] Continue Reading »
Hyderabad- With just few days left for the financial year to complete, the Greater Hyderabad Municipal Corporation (GHMC) is applying all kind of strategies to collect tax dues from property tax defaulters. So far, the corporation has collected Rs 634 crore as against the target of Rs 850 crore. Few of the tactics adopted are [...] Continue Reading »
New Delhi: Realty developers are likely to seek finance ministry’s help against the proposed property tax to be imposed on property sales. The realtors are worried that the additional tax would curb the growth of the real estate sector which is already facing slowdown. By inserting Section 43CA in the Income Tax Act, the government [...] Continue Reading »
Pune Municipal Corporation (PMC) is set to recover the long pending property tax of approximately over Rs 5 lakh in a new initiative. The civic body has decided to hire a brass band to play music to awake property owners who have not paid pending property taxes on time. This brass band will follow the [...] Continue Reading »
Chandigarh- A revision of property tax rates in residential areas in Chandigarh will be performed by the committee of local bodies department. The Municipal corporation had imposed nominal property tax of Re 1 per square yard annually on residential properties having an area above 125 square yard. This amount paid will be restricted to Rs [...] Continue Reading »
