Property tax payment
Hubli- The Hubli Dharwad Municipal Corporation (HDMC) has initiated aggressive campaigning to meet its property tax target for current fiscal. With financial year ending, the corporation has started making announcements over loudspeakers through its vehicles. The corporation officials are distributing pamphlets and issuing notices to people who have not paid tax despite requesting them to [...] Continue Reading »
Bangalore- According to a report, about 3.5 lakh property tax defaulters in the city owe more than Rs. 786 crore to the Bruhat Bangalore Mahanagara Palike (BBMP). If paid, the property tax arrears will reach up to Rs. 1,000 crore followed by the BBMP levying 2 percent penalty every month. Each ward had a property tax [...] Continue Reading »
Rajkot- Property tax payment has now become more stringent and no one can escape the payment. One of the first cities to have a unique property identification number for the property tax payment for commercial, institutional and residential units is Rajkot. Rajkot Municipal Corporation (RMC) will now have a unique identification number for all the owners using [...] Continue Reading »
The Ministry of housing has sought tax sops, under the section 80IB (10) of the Income Tax Act, for the developers of affordable housing projects. A senior government official said the housing ministry has also asked for service tax exemption for private developers of the affordable housing projects. Also, the ministry has suggested that the [...] Continue Reading »
New Delhi- In an action to set rigid rules for people who have not yet paid their indirect taxes, the finance ministry has decided to take stern measures through the stepping up of compliance and will further generate extra revenue through the collection before the next financial year arrives. In a warning by the revenue secretary [...] 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 »
The property tax is likely to witness an increase in both residential and commercial properties. A draft of the proposed rates will be issued a day before Diwali. The property owners may have to pay more tax for the second half of the year (October-March). If the proposal is accepted, the minimum tax for residential [...] Continue Reading »
The Chennai Corporation added more banks to its current list of six banks authorised to collect property tax. Currently the six banks receiving property tax are – Indian Overseas Bank, City Union Bank, Karur Vysya Bank, Canara Bank, ICICI Bank and Axis Bank. Now HDFC Bank and the IDBI Bank are added to the list. [...] Continue Reading »
After re-imposing property tax in Haryana, the state government has given 90 days to property owners to sort out the issues of tax diminution and self-assessment as according to government officials, from November 1, civic bodies will begin serving demand notices. Haryana has around 20 lakh property tax payers, 2.5 lakh and 2.45 lakh from [...] Continue Reading »
Families of retired ex-servicemen will be entitled to further exemptions added to the prevailing ones as the State government has decided to waive 50 per cent of the property tax for their houses or land. According to the Karnataka Municipalities and?Certain Other?Law (Amendment)?Act, 2011, an ex-serviceman is defined as a person who has served in [...] Continue Reading »
