house tax
The Kanpur Municipal Corporation (KMC) is set to take over one dozen colonies developed by KDA more than 20 years back and had asked the authority to pay Rs 66 crores. KMC and KDA jointly surveyed to witness the basic facilities in the colonies. The KMC executive engineer said that in those colonies roads were [...] Continue Reading »
New Delhi: Delhi government seems to be reluctant to take any decision in case of the Delhi Rent (Amendment) Bill before the upcoming 2013 Assembly election as it may harm its prospects. Although the union urban development ministry and Delhi government worked very hard to regularize unauthorized colonies and farmhouses hoping electoral benefits, they have [...] 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 »
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 »
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 »
Ludhiana- Ludhiana Municipal Corporation is set to levy property tax on the residential properties of Ludhiana starting from November 15, 2012, as announced earlier. A formal notification had been issued on November 15, 2012 which stated that property tax would be levied from the same date onwards on all the properties. In case of commercial [...] Continue Reading »
Chandigarh- The monthly housing meeting of Chandigarh Municipal Corporation held on January 31, 2013 resulted in elaborated calculation to levy house tax in the city. It proposed imposition of tax as follows- a) For owners having house more 125 sq yd or five marlas or 1360 sq ft area are suppose to pay house tax [...] Continue Reading »
The housing and urban poverty alleviation ministry (HUPA) minister Ajay Maken presented a new proposal requesting infrastructure status for housing sector and one-year extension of tax relief under Section 80-IB. HUPA asked he infrastructure status for the housing sector under Section 80IA of the income tax Act. The extension of the exemption for the service [...] Continue Reading »
Gurgaon- Earlier the imposition of the house tax by the Municipal Corporation of Gurgaon (MCG) was opposed by the property owners in private localities and townships but now the residents of plotted houses in HUDA sectors are following the same. Residents from HUDA sectors have trained their people on the MCG for dispatching the house tax notices [...] Continue Reading »
Gurgaon: Within the next one and half months, Municipal Corporation Gurgaon (MCG) is all set to collect the property tax from the residents of New Gurgaon areas. As the collection of tax was pending since 2008, the civic body is aggressive enough to collect the house tax. From now onwards, the civic body has decided to [...] Continue Reading »
