Tax
As the government denied any financial assistance to the Municipal Corporation of Gurgaon (MCG), the local body, in order to raise its revenue through tax, is to issue house tax assessment notice to villages under its jurisdiction. Around 46,000 people live in 39 villages that come under the MCG’s jurisdiction and half of them has [...] Continue Reading »
The Corporation of Chennai has asked the government for permission to cut water and power supply for the property tax defaulters. An official said, only 40 % of property owners in the city pay tax for the premises they own. Generally, property tax is paid once every six months, but the corporation allows defaulters to [...] Continue Reading »
Without any basic facilities, Patna citizens are paying property tax to the Patna Municipal Corporation (PMC). Issues like unsafe water, live in unhygienic condition and also delaying the new garbage collection agency’s functioning are still on the list for PMC to solve. The PMC standing committee decided to double the holding tax which includes 2.5% [...] Continue Reading »
The flat owners association and civil society organisations accused the builders’ lobby for inducing confusion among flat owners about payment of value added tax (VAT), through social advertisements. Confederation of Real Estate Developers’ Associations of India (CREDAI) has published advertisement about collection of VAT. As soon as the advertisement was out, the local builders sent [...] Continue Reading »
Indian Banks’ Association committee has recommended to the Finance Ministry that home loans up to Rs 35 lakh should get the priority sector tag. This will help banks to provide loans to house buyers at affordable interest rates. Also it will benefit a large group of customers in Tier II and Tier III towns. Moreover [...] Continue Reading »
The South Delhi Municipal Corporation’s (SDMC) drive against the property tax defaulters is showing a positive result, as the civic body collected almost double of the tax collected by North counterpart. With the collection of almost Rs 672 crore till October 5, the South Corporation is way ahead of North Delhi Municipal Corporation which has [...] Continue Reading »
The property tax department of Pimpri Chinchwad Municipal Corporation (PCMC) has collected Rs 167 crores this financial year. There was a rise of Rs 50 crore in collection compared to the same period last year, Shahji Pawar assistant commissioner and chief of property tax department. Residents will have to pay the property tax of six [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) is planning to double the tax, so the residential property owners have to pay more tax. According to the authorities, property tax of commercial properties in L B Nagar, Uppal, Malkajgiri and Qutubullapur municipal circles may be cut by 15-20%. GHMC is to raise minimum property tax to 80 [...] Continue Reading »
Thane Municipal Corporation (TMC) commissioner R A Rajeev has offered a 5% property tax reduction to housing societies who reduce their waste by more than 50% and recycle the waste generated in their compounds. More than 700 plus metric tonnes of waste is generated every day and dumped into the private landfills or illegally burnt [...] Continue Reading »
The South Municipal Corporation has found out a new way to ensure that the notice of property tax is delivered to the tax evaders. They have organised a team of officials to serve notice to tax evaders and this process will be recorded in video. In case a property owner approaches the court saying that [...] Continue Reading »
