Property
The e-payment property tax facility introduced in Hubli-Dharwad 6 months ago has failed to create an impact. The e-payment facility was initiated by the Hubli-Dharwad Municipal Corporation (HDMC) to make the system hassle free and people friendly. Most of the citizens prefer the manual method of paying their property tax. The studies have shown that [...] 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 »
Analysts are of the opinion that housing prices are not likely to fall anytime soon. They blame the domestic as well as foreign investors, including NRIs, for this. High property prices are not even helping developers as they are in debt. The cash generated by selling properties turns out to be much less than what [...] 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 »
Amravati Municipal Corporation (AMC) held its general body meeting in which key decisions were taken regarding industrial incentives and Below Poverty Line (BPL) facilities. AMC is planning to give concession on local body tax (LBT) and house tax to the industries in the Maharashtra Industrial Development Corporation (MIDC). In the general body meeting, decision has [...] Continue Reading »
While the Bruhat Bangalore Mahanagara Palike (BBMP) announced to start the tax collection drive, it was alleged that it had targeted lower and middle class to collect property tax. Now, the BBMP has come up with the list of 20 major property tax defaulters, who owe almost Rs 16.58 crore to the civic agency. Big [...] Continue Reading »
The new property tax policy of the state government of Punjab has not gone down well with the citizens of Ludhiana. The property tax rates fixed at 1 per cent for residential, 1.5 per cent for institutional, 2 per cent for industrial and 4 per cent for commercial property are being considered very high by [...] Continue Reading »
In order to earn additional revenue of about Rs 1000 crores, Punjab Cabinet has decided to impose property tax on vacant lands among various other measures. Along with built up buildings, vacant plots and semi-built up units have also been brought under the purview of the proposed tax. All vacant plots would attract 25 per [...] Continue Reading »
Thane Municipal commissioner RA Rajeev’s proposal to shift to capital value based assessment of property tax in Thane has been criticised collectively by all the political parties. General body of the Thane Municipal Corporation, comprising of members from all political parties – Congress, NCP, BJP, Shiv Sena lashed out at the administration’s proposal to shift [...] Continue Reading »
