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Tax collection

Increase in Dividend Distribution Tax

Increase in Dividend Distribution Tax
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »

Partial discount on property and commercial tax announced by Howrah Municipal Corporation

Partial discount on property and commercial tax announced by Howrah Municipal Corporation
The Howrah Municipal Corporation announced on Tuesday, a partial discount for property and commercial tax in expectation of higher revenue. They decided that no penalty or interests need to be paid. The Howrah mayor Rathin Chakraborty, says, that the KMC has already started a scheme which has great benefits. He also says, that the last [...] Continue Reading »

Property Tax Dept. get new incentive scheme

Property Tax Dept. get new incentive scheme
As a new tax collection strategy the South Municipal corporation Property Tax department recently announced its employee incentive scheme. This new scheme directs at refining the employee work culture within the property tax department and to motivate them to perform better and meet desired targets. According to the incentive scheme, the zone will be eligible [...] Continue Reading »

Tax evaders should pay right tax by Dec 15: Finance ministry

Tax evaders should pay right tax by Dec 15: Finance ministry
Delhi- The government has strictly warned all taxpayers to disclose their true income and those who fails would be receiving notices from the Income Tax Department. Since the tax collected was very less in April-November, it asked taxpayers to file correct returns by December 15, when the third instalment of advance tax is due. The [...] Continue Reading »

Coimbatore Corporation sets up drive to ensure 91% tax collection

Coimbatore Corporation sets up drive to ensure 91% tax collection
Coimbatore- The Coimbatore municipal corporation has focused at achieving 91% tax collection from its 100 wards. It is taking strict actions against property tax defaulters including cutting off water connections to ensure maximum property tax collection from taxpayers before due date. In the preceding financial year, the civic body had achieved a high tax collection [...] Continue Reading »

AMC tax collection up by 33%

AMC tax collection up by 33%
Ahmedabad Municipal Corporation (AMC) has registered an increase of about 33 per cent in its tax collection as compared to the previous year. According to AMC officials, during the period from April 1 to October 15, AMC collected taxes around Rs 413.42 crore, while the corporation had collected Rs 311.85 crore during the same period [...] Continue Reading »

Chennai Corporation makes property tax payment easier

Chennai Corporation makes property tax payment easier
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 »

BBMP releases list of major property defaulters

BBMP releases list of major property defaulters
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 »

Property tax collection to resume in Kolkata

Property tax collection to resume in Kolkata
Bidhannagar Municipality is all set to restart the process of collecting property tax in Kolkata. The civic body had started collecting taxes in March, but the tax collection process had to be stalled a couple of weeks later after some confusion over tax calculation came out. Now the officials have declared that they are to [...] Continue Reading »

Nation’s economic slowdown smacks tax collection

Nation’s economic slowdown smacks tax collection
Economic slowdown in the country has even hit tax collection in the April-June quarter. Only 6.77 per cent growth in gross direct tax collection has been recorded in the quarter while the target for the year was 15 per cent. The gross tax collection for the quarter was over Rs 1.11 lakh crore as against [...] Continue Reading »



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