Commercial tax
The Howrah Municipal Corporation announced on Tuesday, a partial discount for property and commercial tax in expectation of higher revenue. They decided that no penalty or interests need to be paid. The Howrah mayor Rathin Chakraborty, says, that the KMC has already started a scheme which has great benefits. He also says, that the last [...] Continue Reading »
Commercial property located within a radius of one kilometre from any metro line in Delhi is likely to witness a hike in property tax very soon. The three new municipal corporation heads have given a positive nod for the move. Considering the assembly elections scheduled next year, residential properties will be excluded from the hike. [...] Continue Reading »
The Nashik Municipal Corporation (NMC) has planned to hike the property taxes for commercial establishments by 25 per cent exempting residential properties from the tax hike. The tax hike will come into action from the next financial year 2013-14. The standing committee chairman Uddhav Nimse cancelled NMC’s proposal to raise house and water taxes for [...] Continue Reading »
While opposing the proposed increase on property tax in the civic budget, the Nashik Municipal Corporation‘s (NMC) standing committee (SC) points out at alternative areas of revenue generation. They have suggested levying of commercial tax on small businesses operating out of domestic premises. Standing committee chairman Uddhav Nimse stated that out of 1,132 galas owned [...] Continue Reading »
Namma Metro has brought down glee to the denizens of Bangalore and also has come in as a helping hand to the Bruhat Bengaluru Mahanagara Palike (BBMP). The talks is that the BBMP is yet to hit floors with showering funds of more than Rs. 2 crore, it is all set to be crowned as [...] Continue Reading »
CM B S Yeddyurappa on Thursday launched the e-payment service through which traders can pay their sales tax, VAT, CST and entry tax. The customer will no longer go through the hassle of using drafts and cheques for payment. Karnataka has become the first state in the country to introduce RBI’s e-payment system for commercial [...] Continue Reading »
