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Payment of property tax

Housing ministry wants to increase in tax relief on home loans

Housing ministry wants to increase in tax relief on home loans
In the Union budget of 2013-14, the housing minister had asked the finance ministry to raise the tax deduction limit on home loan to Rs 2 lakh from the existing Rs 1.50 lakh. This decision will be a relief to the needful borrowers suffering due to high interest rates. This will also boost the housing sector through this relief [...] Continue Reading »

Taxes worth Rs. 1,000 crore to be given to GHMC by govt

Taxes worth Rs. 1,000 crore to be given to GHMC by govt
Hyderabad-The meeting scheduled for December 1 is expected to create a furor  with the opposition as the Government of Hyderabad has been dawdling on the payment of property tax of its buildings. The current pending amount of the property tax on the government buildings stands up to Rs. 1,000 crore. Around 1,186 buildings are occupied by the [...] Continue Reading »

Property tax payment made easier in Chennai

Property tax payment made easier in Chennai
The Chennai Corporation has made arrangements for property tax payments at counters of any of the 146 branches of three designated banks from today onwards. It was planned earlier but delayed due to technical glitches. However, the facility will be started with three banks: Indian Overseas Bank (74 branches), City Union Bank (31 branches) and [...] Continue Reading »

Paying property tax made easier in Chennai!

Paying property tax made easier in Chennai!
Soon, paying property tax in Chennai is going to be an easier task, thanks to the city corporation. The Chennai Corporation has taken this initiative of appointing at least five public and private sector banks for collecting payment of property tax. The facility is planned to be launched after Pongal. The participating banks would be [...] Continue Reading »



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