property tax
North Delhi Municipal Corporation today insisted officers to collect taxes with sincere efforts so that it would help the body. Standing Committee Chairman, Yogender Chandolia, said that approximately Rs 4,800 crore can be collected from regularisation of unauthorised construction, floor wise regularisation, freehold the shops transferred from the government and by charging property tax on [...] Continue Reading »
The North Delhi Municipal Corporation has planned to start numbering all the properties in order to nail tax evaders. The corporation at present does not have a database of the number of properties liable to pay tax and this is what paving way to huge loss through tax evasions. It has no idea which household [...] Continue Reading »
The high power expert committee (HPEC) in its report to the union government has recommended that the property tax system in the country should be rationalized. Property tax should be retained as a general benefit tax, and its components such as water tax and sewerage tax should be replaced by appropriate ‘user charges’, recommended the committee. It also recommended [...] Continue Reading »
The proposal to assess property tax based on capital value of the structures in Thane has been contested in the Bombay high court by citizens organization here. Municipal commissioner RA Rajeev has proposed that all residential, commercial or industrial property would be assessed on the basis of its capital value or market value as listed in [...] Continue Reading »
In order to increase revenue from property tax, Nagpur Municipal Corporation has set new targets for revenue inspectors across 10 zones. Property tax inspectors have been directed to identify 75 new properties each that are not being taxed in their zones in this financial year. According to a senior official, Laxmi Nagar zone has 16 [...] Continue Reading »
Bruhat Bengaluru Mahanagara Palike (BBMP) has taken up some steps to provide better service for property tax payers. Corporation Bank is also included along with IDBI Bank for tax payment. Khata will be issued only after taking fingerprints as a biometric system will be introduced from this year, in order to curtail the duplicate khata [...] Continue Reading »
East Delhi Municipal Corporation (EDMC) is planning to issue passbooks to payees to retain all property tax within its range and keep property tax payers’ records up to date. A proposal in this regard was put forward in the Standing Committee meeting by MK Ahuja which was approved by other members. Ahuja also proposed that all the property tax payers [...] Continue Reading »
Given the huge task covering 4 lakh door numbers in the city and issuing tax returns form to all residents, offices and shops concerned, Kochi Corporation may not be able to meet the deadline set by the government, which is August 16. Revenue department officials admit it will not be possible to complete the process [...] Continue Reading »
Financial insecurity is one of the reasons a property owner may want to sell his/her house. Few years after buying a home, a property owner feels the need to upgrade the house. In case of a job transfer to a different city, a person would want to dispose his/her existing property and settle down in [...] Continue Reading »
The civic body in Mumbai has passed a bill to change the property tax calculation system from ratable to capital value based on urgent need. However, the corporators of the city have to say that there was no urgency to do the same. The corporators stated that most of them didn’t know about the proposal [...] Continue Reading »
