Indian Tax
As a new tax collection strategy the South Municipal corporation Property Tax department recently announced its employee incentive scheme. This new scheme directs at refining the employee work culture within the property tax department and to motivate them to perform better and meet desired targets. According to the incentive scheme, the zone will be eligible [...] Continue Reading »
Delhi: Under the budget estimate for 2013-2014, South Delhi Municipal corporation (SDMC) has spared a hike in property tax for their residents. The corporation will focus on the collection of property tax and will not increase the tax rate and no additional tax or surcharge will be applied. The corporation is trying to bring more [...] Continue Reading »
Hyderabad: The revision of property tax may be a relief for the owners of large number of commercial buildings in the city. Areas like LB Nagar, Uppal, Qutbullapur, Malkajgiri, Kapra, Vanasthalipuram, Kothapet, Kukatpally, Saroornagar, Karmanghat and Gaddiannaram may witness a fall of 25 – 30 percent in property tax. Documents presented at Greater Hyderabad Municipal Corporation [...] Continue Reading »
The real estate sector remains on the top when it comes to unveiling unaccounted income. The operations against realty firms make more than 70 per cent of I-T raid operations in the state. I-T officials say that many realty firms have done good business and have evaded taxes. Sources say that, around 6,000 suspected land [...] Continue Reading »
