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Tax

Nov 27 as deadline for service tax dues

Nov 27 as deadline for service tax dues
New Delhi- If you haven’t yet paid your service tax dues, hurry up as November 27 is the deadline with  over Rs.10-lakh rental income out of the immovable properties. Tax payers who fail to pay by the deadline will be charged a penalty. Tax implies to renting commercial properties with the rental amount exceeding the limit of Rs.10 lakh annually. [...] Continue Reading »

Taxes worth Rs. 1,000 crore to be given to GHMC by govt

Taxes worth Rs. 1,000 crore to be given to GHMC by govt
Hyderabad-The meeting scheduled for December 1 is expected to create a furor  with the opposition as the Government of Hyderabad has been dawdling on the payment of property tax of its buildings. The current pending amount of the property tax on the government buildings stands up to Rs. 1,000 crore. Around 1,186 buildings are occupied by the [...] Continue Reading »

Thane corporators meet CM to resolve property tax assessment row

Thane corporators meet CM to resolve property tax assessment row
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 »

NMC sets up drive against property tax defauletrs

NMC sets up drive against property tax defauletrs
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 »

27 shops evade property tax for two years

27 shops evade property tax for two years
Around 27 shops that have evaded property tax for two years are now under the scanner of Indore Municipal Corporation (IMC). The shops are located at Shagun, one of the commercial buildings in the posh Scheme No 54 area. It was recorded by an assistant revenue officer that 27 shops, sized between 700 to 3,200 [...] Continue Reading »

Realty firms top tax evaders list

Realty firms top tax evaders list
The real estate sector remains on the top when it comes to unveiling unaccounted income. The operations against realty firms make more than 70 per cent of I-T raid operations in the state. I-T officials say that many realty firms have done good business and have evaded taxes. Sources say that, around 6,000 suspected land [...] Continue Reading »

Demand to reduce general water tax

Demand to reduce general water tax
It is demanded that the Nagpur Municipal Corporation (NMC) should reduce water tax from the people who do not have NMC water connection or else NMC will have to face protest, said ex-corporator and NCP leader, Vedprakash Arya. Currently NMC charges 40% of tax from general tax payers. 15 % of  waster tax was being [...] Continue Reading »

State govt’s intervention on property tax urged

State govt’s intervention on property tax urged
The municipal commissioner RA Rajeev has sorted out the innervation of the state government to dismiss the resolution passed by the general body of Thane Municipal Corporation (TMC) regarding the proposed capital value based on property tax. The assessment of the  property tax is based on the rental value of the residential or commercial structure [...] Continue Reading »

Kolkata municipality collects Rs 80 lakh property tax in one month

Kolkata municipality collects Rs 80 lakh property tax in one month
The Bidhannagar (Salt Lake) municipality has collected Rs 80, 81,000 as property tax and started sending bills to all the residents. Around 1,696 owners have paid property tax accounted to Rs 80,81,000 till the last day of October. According to the municipality chairman Ashesh Mukherjee, the municipality is expecting to collect Rs 9 crore as [...] Continue Reading »

Maharashtra CM not in favour of extending VAT deadline

Maharashtra CM not in favour of extending VAT deadline
Sources reveal that Maharashtra chief minister Prithviraj Chavan is not in favour of extending the deadline for paying value added tax (VAT) or reducing the tax rate on flat purchases. As the order of paying VAT has been handled by the high court, the chief minister does not want to extend the deadline or reduce [...] Continue Reading »



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