Notice against property owners
The South Delhi Municiapal Corporation (SDMC) has decided to tackle the issue of property tax payers who have not been paying tax as per the rules. The civic body has taken on the property owners who have got the nature of their property converted from residential to commercial, but have been paying property tax as [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) has given a rude surprise to L B Nagar property owners. As per sources, GHMC had sent revised tax notices to the shop owners for the last two months. But the notices had numbers which was unbelievable to the owners. The new tax rules says that rates have been levied [...] Continue Reading »
The income tax department has sent notice to property buyers and sellers who undervalued property deals to evade stamp duty and capital gains tax.They came across nearly 80,000 cases of people undervaluing their property. The scrutiny process began last year with I-T commissioner, Central Information Bureau, writing to the inspector general of registration (IGR) seeking [...] Continue Reading »
