Tax
The Chennai Corporation has made arrangements for property tax payments at counters of any of the 146 branches of three designated banks from today onwards. It was planned earlier but delayed due to technical glitches. However, the facility will be started with three banks: Indian Overseas Bank (74 branches), City Union Bank (31 branches) and [...] Continue Reading »
In order to conduct a survey of all properties in the city, officials of civic agencies propose to hire a private agency. Property tax department officials have suggested that a private agency should be hired to prepare the database and find out which house owners are evading tax. It is suggested that a team should [...] Continue Reading »
In a verdict ensuring that the city’s home buyers can have exclusive ownership rights and they do not have to struggle to sell it, obtain loan on it or leave it to their children as legally accepted endowment, the Delhi high court directed the land-owning agencies of the city to execute for flat buyers a [...] Continue Reading »
In the wake of over 50,000 objections raised by the residents regarding house tax, the Municipal Corporation of Gurgaon has decided to deal with the issue finally. The corporation is to hold meetings in a daily basis in which, they will be inviting those who have filed objections and take necessary steps to resolve 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 »
PricewaterhouseCoopers, a global professional services firm, inaugurated its new office in Chennai, on Tuesday, to provide advisory, tax and regulatory services. The company has increased its employee base by 24 per cent at the Chennai Centre to meet the growing demand for various sectors. PwC has its existence in major cities of India like Ahmedabad, [...] Continue Reading »
In an exceptional move, the Supreme Court has put a stay on Municipal Corporation of Gurgaon (MCG) on collection of house tax from the residents of private developers’ areas. The SC took a side with the Gurgaon citizen council as the latter argued that they had already been paying taxes to the developers and the [...] Continue Reading »
The residents of the Malaysian Township project in Hyderabad are enraged by the attachment notice issued by the local Income Tax (I-T) department on 13th of June. The department issued an attachment order on the developer of the township, Swarnandhra-IJMII Integrated Township Development Company Pvt Ltd (SITCO), for nonpayment of tax of Rs 54 crore. [...] Continue Reading »
Nobody is spared from paying property tax, neither a common man nor a king. The quote holds true as the Bruhat Bengaluru Mahanagar Palike (BBMP) has put a huge tax of around Rs 1 crore on the family of Mysore Maharaja, Jayachamaraja Wadiyar. The tax has been levied on their litigated land in Palace Grounds [...] Continue Reading »
According to the revision of property tax, VVIP areas are spared of the new of the same. As per the New Delhi Municipal Council‘s (NDMC) budget, apart from having no new developments, VVIP areas are spared to pay any extra property tax. The civic body alleges that there is no increase in property tax and [...] Continue Reading »
