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Tax

Property tax collection to be restarted in Kolkata

Property tax collection to be restarted in Kolkata
Property tax collection in Salt Lake is set to be restarted. The Trinamool led Bidhannagar municipality had started tax collection on March this year after several years but collection again had to be withheld after a section of residents complained of some miscalculations in many of the tax bills dispatched. Many residents started complaining that [...] Continue Reading »

NMC to send insurance details to property tax payers

NMC to send insurance details to property tax payers
The Nagpur Municipal Corporation (NMC) has now decided to send a leaflet along with the property taxbills, highlighting the insurance scheme it has paid for. Meanwhile, the proposal to pay Rs8.83 lakh to the private agency appointed for the insurance scheme has been approved. Recently it has been highlighted in print media that NMC has [...] Continue Reading »

SDMC to shame tax defaulters in Delhi

SDMC to shame tax defaulters in Delhi
The South Delhi Municipal Corporation (SDMC) has decided to literally wake up the tax defaulters to make them pay their taxes. The property tax defaulters of South and some parts of West Delhi soon might be surprised to hear drum beats (dhols) outside their homes. Unable to make several property owners pay the tax in [...] Continue Reading »

Kochi Corporation to assist residents filling up property tax forms

Kochi Corporation to assist residents filling up property tax forms
Considering that the intricate self-assessment forms of property tax proves to be difficult ones to fill out for residents, Kochi Corporation is to send out its officials to help residents fill the forms. The welcome move is announced as a wide range of information, including the distance of the building from the thoroughfare, type of [...] Continue Reading »

Property tax in Mysore to jump from 50 to 500 %

Property tax in Mysore to jump from 50 to 500 %
The property tax in Mysore is likely to go up from 50 per cent to 500 per cent, once the amended Karnataka Municipal Corporations Act comes into force. The amended act paves the way for more revenue generation on the part of the city civic body. Before the amendment, the maximum rate of property tax [...] Continue Reading »

NMC’s revenue generation increases

NMC’s revenue generation increases
Nagpur Municipal Corporation, which has been facing severe fund crisis, can breathe a sigh of relief as this year’s revenue collection so far has increased significantly compared to the previous year. The NMC generated revenue of Rs 220.81 crore in the first four months (April-July) of 2012-13, registering a significant increase against the corresponding period [...] Continue Reading »

Property tax defaulters owe Rs 407 crore dues

Property tax defaulters owe Rs 407 crore dues
While the civic bodies always seem to project themselves of running short on funds, a recent revelation in Maharashtra pictures inefficient collection machinery causing huge loss to the bodies. An Right To Information (RTI) query filed by two BJP corporators has revealed that 70,000 property holders in Pimpri-Chinchwad have not paid property tax dues, total [...] Continue Reading »

Corporators ask for pay hike

Corporators ask for pay hike
Civic corporators in Mumbai have unanimously passed a resolution at the civic general body meeting on Tuesday calling for a 150% hike in their monthly remuneration, from Rs10,000 to Rs. 25,000. If it receives legal sanction, the hike will be paid by taxpayers’ money. According to the corporators, the current remuneration is a measley sum [...] Continue Reading »

BJP MP’s firm financed 10% of Adarsh flat-buyers

BJP MP’s firm financed 10% of Adarsh flat-buyers
The San Finance Corporation (SFC), which has Rajya Sabha member Ajay Sancheti (BJP) as a partner, has financed nearly one-tenth of the 103 flats of the scam-hit Adarsh cooperative housing society. Abhay Sancheti, another partner of the firm told the two-member judicial panel looking into Adarsh’s irregularities, that it ‘granted loans to 10 people’ who [...] Continue Reading »

Tax exemption for ex-servicemen

Tax exemption for ex-servicemen
Families of retired ex-servicemen will be entitled to further exemptions added to the prevailing ones as the State government has decided to waive 50 per cent of the property tax for their houses or land. According to the Karnataka Municipalities and?Certain Other?Law (Amendment)?Act, 2011, an ex-serviceman is defined as a person who has served in [...] Continue Reading »



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