Property Tax
Now that Brihanmumbai Municipal Corporation (BMC) has given grace period for the citizens to pay their property tax by March 31, it is not able to collect pending revenue from several central and state government agencies for the past several years. According to a data, BMC has to collect property tax worth Rs 155 crore on central [...] Continue Reading »
Chandigarh- The upcoming proposal for the imposition of house tax is expected to create an up stir in the General House on February 28. The already mooted agenda by the nominated Councillors has been opposed by the elected representatives in the past. This proposal was mooted by the nominated councillors after a meeting by the UT Administrator. The meeting was [...] Continue Reading »
Now even the people living in the outskirts of Bangalore have to pay equal property tax. The BBMP council approved the reorganization of six tax zones for tax collection. After the state government approves the BBMP’s proposal, the process of re-classification will begin. People living in the outskirts of the city which falls in c, [...] Continue Reading »
Hyderabad – The Greater Hyderabad Municipal Corporation (GHMC) has adopted few measures to compel property tax defaulters to pay up. Now they can capture or grab your vehicles and other movable properties if you are one among them. After the scrutinization of property tax initiated in 2013, GHMC officials has collected an amount of Rs [...] Continue Reading »
Hyderabad – Seeing the growing number of new illegal constructions or floors, Greater Hyderabad Municipal Corporation (GHMC) has decided the penalty as 100 percent more on normal property tax. Till now the corporation levied penalty as 25 percent on the property tax. For example, owner of an unauthorised construction has to Rs 2000 towards property [...] Continue Reading »
Builder and ancillary units in the construction industry defaulting VAT on ‘contract work’ now have to be cautious as the tax department of the Delhi Government is taking stringent action against the defaulters. Already, the special zone of the tax department has prepared the list of contractors and builders in consultation with the municipal body. [...] Continue Reading »
The new capital value based tax system which was being objected by the citizens all this while, has been given an extension of two months grace period. The citizens can now pay as per the old rates up to March this year. The residents have to visit the assessor and collector department at the local [...] Continue Reading »
Bruhat Bengaluru Mahanagara Palike (BBMP) is in dilemma over the implementation of its proposal to raise the property tax by 15%. In the BBMP council meeting, commissioner Siddaiah has proposed a hike in property tax, but the minister in charge, Ashoka has opposed the property tax hike proposal fearing the backlash of voters in the [...] Continue Reading »
Pimpri Chinchwad Municipal Corporation (PCMC) has a good news for certain group of people in community. Now, ex-servicemen, freedom fighters and women property holders in Pimpri Chinchwad will get a rebate of 50% in their property tax from the coming fiscal year. However, this scheme is only applicable to only one property in case anyone [...] Continue Reading »
Rajkot- Property tax payment has now become more stringent and no one can escape the payment. One of the first cities to have a unique property identification number for the property tax payment for commercial, institutional and residential units is Rajkot. Rajkot Municipal Corporation (RMC) will now have a unique identification number for all the owners using [...] Continue Reading »
