property tax
Indore Municipal Corporation (IMC)’s drive against property tax defaulters continues as it has attached four more houses and flats in the city. The civic body has taken up stand against big property tax defaulters to raise revenue. It has also put up notices on nine vacant plots that the property has pending tax dues and therefore [...] Continue Reading »
In order to bring in more properties under the tax net and to have more clarity in identification of properties, the North Delhi Corporation has drafted a proposal for numbering properties. In an innovative act, the corporation has proposed to issue smart cards based on the property number to facilitate easy payment of tax. The [...] Continue Reading »
Faced with poor recovery of tax arrears, the Margao Municipal Council (MMC) has decided to gear up for fast recovery of the dues. MMC has drawn up plans to constitute two teams – one each for Margao and Fatorda – to expedite the recovery process. The teams would comprise of a supervisor and a couple [...] Continue Reading »
The Indore Municipal Corporation (IMC)‘s crusade against tax defaulters continues. On Monday IMC attached seven properties including houses, flats, schools and commercial units and issued attachment notices to three for non-payment of property tax. The properties attached have tax dues between Rs 70,000 and Rs 3 lakh. The civic administration says that more properties will [...] Continue Reading »
The Pune Municipal Corporation(PMC) has prepared a list of nearly 10,000 property tax defaulters. The defaulters have more than Rs 1 lakh property tax dues per head. The PMC has revealed that it has to recover around Rs 100 crore from these defaulters. The civic administration issued notices to these people and has demanded that [...] Continue Reading »
After issuing the notification for regularisation of 895 unauthorised colonies, the Delhi government has now asked the city’s municipal corporations to clear the layout plans for these colonies. The layout plan includes boundaries of the unauthorised colonies and it is to be drawn in consultation with the resident welfare associations(RWA). The layout plans are to [...] 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 »
In the ongoing tussle, the Bombay high court has settled a long-pending property tax row in favour of the Brihanmumbai Municipal Corporation (BMC). The court ruled that the civic body can fix property tax on the building based on the actual rent charged. The verdict is the latest in the saga of tax tussle between [...] Continue Reading »
The traders of Connaught Place in New Delhi have stated that they are facing up to 70 per cent losses in business due to municipality work going on in the area. The traders have asked the New Delhi Municipal Corporation (NDMC) to increase their property tax rebate by 30 per cent. Currently, the traders in [...] Continue Reading »
The Thane Municipal Corporation (TMC) is all set to reform property tax structure. Determined to go ahead with its plans to assess property tax based on capital value of structures, the civic body is likely to vie for reforms in the tax structure. TMC’s legal department will file a signed affidavit that is to be [...] Continue Reading »
