Tax payers
Based on suggestions of Parthasarathi Shome panel that was set up to address the grievances of the industry, the government recently said it has clarified on 76 issues related with direct and indirect taxes. An official release said Finance minister P Chidambaram has discussed these issues and has taken final decisions to remove difficulties faced [...] Continue Reading »
Just few days left for the end of the financial year and the Coimbatore Corporation is striving hard to collect the property tax. As per reports, the Corporation has issued notices to all the bill collectors to serve demand notices to all the tax payers and ensure that the tax is paid before the deadline [...] Continue Reading »
The South Delhi Municiapal Corporation (SDMC) has decided to tackle the issue of property tax payers who have not been paying tax as per the rules. The civic body has taken on the property owners who have got the nature of their property converted from residential to commercial, but have been paying property tax as [...] Continue Reading »
Three realtors of Surat have been caught with Rs 18.50 crore as undisclosed income to the income tax (I-T) department on Thursday. I-T officials had conducted a search and survey operation under the Income Tax Act, 1961 on few realtors in Varachha and Mota Varachha areas in Surat on Tuesday. About 45 places in the [...] Continue Reading »
Rajkot Municipal Corporation (RMC) has decided to auction 14 properties of the defaulters in order to strengthen its property tax collection drive. The drive is to be held between July 16 and July 21. The Corporation has so far collected Rs 84.31 crore as property tax which is 28 crore more than the previous year. [...] Continue Reading »
The Kolkata Municipal Corporation (KMC) is set to introduce a new system for property tax payment which is believed to ease out the method of tax-paying and generate more revenue to the government. The new method denies visits of corporation inspectors as they are presently doing. The tax-payers will have to make a self-assessment of [...] Continue Reading »
The property tax collection has just commenced in Bangalore and there is good amount of response. Through self assessment scheme (SAS), on day one around 4,000 property tax owners have paid taxes. The tax payers can pay tax in two installments without penalty and availing rebate. Also, in the recent press release namma Bruhat Bengaluru [...] Continue Reading »
The revenue department of Chennai Corporation has come forward with a better plan of sending e-mail statements in concern with property tax. This initiative is to maintain better accountability and transparency in tax collection. From now onwards, tax payers will be asked to register their contact numbers and e-mail ID in order to remind them [...] Continue Reading »
A sign of relief for property tax payers within a month. Kolkata Municipal Corporation (KMC) has finalised the much awaited property tax waiver scheme to be on February 1, 2012. The civic body has worked day and night to prepare the list of big tax defaulters of the city. A target of around Rs 500 [...] Continue Reading »
A ray of hope for residents residing in old flats in South Mumbai. The much hyped capital value-based property tax system which was about to get launched is stalled for time being. The state civic administration who had proposed of the tax system has decided to table it later few months. As the upcoming polls [...] Continue Reading »
