Taxes
The revised set of taxes will be imposed first on the newly constructed buildings as decided by the city corporation officials. The present tax regime will be coming into force from the month of August. The old buildings which are being allotted by the new TC numbers will be brought under the regime only during [...] Continue Reading »
Due to the introduction of e-governance, transparency has increased and the IT department has got more visibility into the assets of the companies. The tax department has drawn up a detailed game plan and is expected to look at various new avenues to collect taxes. Due to the sluggish economy, the income of the tax [...] Continue Reading »
Ropar- Ropar Municipal Council has given its approval for the imposition of property tax in the town against opposition by some of its councillors. The Punjab government had proposed imposition of property tax and few of the councillors opposed it saying that paying property tax would be a burden to the residents in the town. [...] Continue Reading »
Kanpur- City mayor, Jagatveer Singh Drona announced a meeting of Kanpur Municipal Corporation officials on Dec 15 to discuss the matter regarding the increment in house tax. Nagar nigam officials finalised an increment of 10 to 15 per cent on annual letting value of the house last month. However, many corporators opposed the tax hike [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) is planning to levy tax on tanker companies which draw water from private wells. The civic body has already sent a proposal regarding rampant drawing of water from wells for commercial purpose to the state government for permission. The BMC does not have the power to take those wells as [...] Continue Reading »
The Pune Cantonment Board is clicking properties pictures to check if it is used for industrial or residential purpose. For the first time this is being done to maintain transparency in property tax and to make an assessment for 2011-2014 property tax. PCB started off with providing notices to 12, 000 property owners. The notices [...] Continue Reading »
Chandigarh- At least for one year the citizens need not have to worry about paying property tax. The Congress made sure that the property tax item was taken out of the checklist for house meeting. Sources explained that MP Pawan Kumar Bansal advised councillors towards raking the concern in 2013. In the meeting it was made clear [...] Continue Reading »
Gurgaon- In a recent announcement concerning the new tax policy, it was insisted by the zonal taxation officials that residents ready to pay their arrears for the financial years 2008-09 and 2009-10 should follow the old tax policy. However, the residents are not quite happy with that as the tax amount is much lesser when calculated as [...] Continue Reading »
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 »
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 »
