Tax in india’
The Delhi Government plans to develop public utility services on unused plots of 1,000 sq. yards or above which are vacant in unauthorised colonies; in a bid to protect them from land sharks. The Delhi Urban Development ministry commenting on this move said that although there is no land vacant in over 700 colonies; there [...] Continue Reading »
The three municipal corporations of Delhi have collected crores of rupees through property tax this financial year. East Delhi Municipal Corporation has collected Rs 140 crore and has been rated as the highest. There were 2,10,837 tax payers this year whereas, last year, the number of tax payers was 2,04,117. A corporation official said that [...] Continue Reading »
North Delhi Municipal corporation has been carrying out an identification technique in order to register all the unregistered properties in the city. Around 60,000 new properties have been registered with NDMC under the tax net within the past one year. Soon tax defaulters will be sent notice by post by the municipal corporation. With the [...] Continue Reading »
Commercial property located within a radius of one kilometre from any metro line in Delhi is likely to witness a hike in property tax very soon. The three new municipal corporation heads have given a positive nod for the move. Considering the assembly elections scheduled next year, residential properties will be excluded from the hike. [...] Continue Reading »
Builder and ancillary units in the construction industry defaulting VAT on ‘contract work’ now have to be cautious as the tax department of the Delhi Government is taking stringent action against the defaulters. Already, the special zone of the tax department has prepared the list of contractors and builders in consultation with the municipal body. [...] Continue Reading »
South Delhi Municipal Corporation (SDMC) is tangled in pending tax issues related to the Feroz Shah Kotla stadium. However, citing a court order against any coercive action on DDCA, SDMC has become moderate about the issue. South corporation mayor Savita Gupta told that the Delhi District Cricket Association’s (DDCA) requested the corporation to permit them [...] Continue Reading »
The property tax assessment will be shortly presented to chief minister Prithviraj Chavan and a meeting will be held after a heated discussion between the corporators from the Shiv Sena and NCP. The members of two parties had almost verbal confrontation after the municipal commissioner RA Rajeev spoke and sought the state government intervention to [...] Continue Reading »
Financial crunches often strikes NMC as the civic body have not recovered Rs 50 crore property tax from the owners. Around 4,105 property tax defaulters owe Nagpur municipal corporation (NMC) crores of rupees as property tax. A total of 674 defaulters owe tax dues ranging between Rs 50,000 and over Rs 1 lakh in Laxmi [...] 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 »
All residential and commercial properties, vacant plots and semi-built have come up into the purview of tax with Punjab government imposing property tax. A 10% early payment rebate will be given for all who pay property tax by June 30 every year, according to the ordinance. It added that heavy penalty will be imposed on [...] Continue Reading »
