increase property tax rate
In the new budget announced by Finance Minister Arun Jaitley, there is a provision that imposes short-term capital gains tax on unlisted capital assets held for less than three years. Currently, an asset would be a short-term capital asset or a long-term capital asset if it has been held for less than a year or [...] Continue Reading »
Nagpur Municipal Corporation (NMC) is on its course to implement the new model of calculating property tax. The proposed model is known as ready reckoner based property tax, which is in reality a capital based property tax. NMC has created various categories of taxpayers according to the respective location of each property. The scheduled general [...] Continue Reading »
The tax on commercial property in Chandigarh may be increased in near future. The issue is to be taken up at the meeting of the House Tax committee to be held in the coming days and the extent of the increase would be decided after a discussion at the meeting. Property tax on commercial property [...] Continue Reading »
