Taxes
Property tax for the commercial properties located within a radius of one kilometres from a Metro line may soon see a hike, however residential properties will be spared from the hike. All five-star and three-star hotels, private hospitals and industrial areas in the city will also be brought under the same tax net. Leaders of [...] Continue Reading »
The SGS Mall has said that the Pune Cantonment Board (PCB) has made an increase of 900 per cent in the annual property tax. Subhash Gulati, CMD, SGS Mall said the mall was paying an annual property tax of Rs 19.54 lakh every year adding that in 2010 the PCB revised the property tax of the mall, increasing it [...] Continue Reading »
The Chandigarh Municipal Corporation has finally started the exercise to impose property tax on residential properties in the city. The accounts wing of the corporation has wrote to 25 government departments and organizations besides housing societies to submit details regarding their residential accommodations in the city within a period of one month. The information has been sought from Chandigarh [...] Continue Reading »
In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners. Both residential and commercial buildings constructed without prior approval from the civic body would [...] Continue Reading »
Municipal Corporation of Delhi is all set to take strict action against at least five lakh property owners all over Delhi who have not been paying conversion and regularization charges to the corporation. The east corporation is sending notices to 6,000 commercial establishments that have not paid conversion charges to the corporation and the north [...] Continue Reading »
The state government’s decision to hike house tax in Allahabad has not gone down well with the residents and now opposition Bharatiya Janata Party (BJP) workers have started protesting against the hike in house tax. The BJP protested against state urban development ministry and stated that the government has cheated the people of Allahabad by [...] Continue Reading »
The recent revision in vacant land tax (VLT) has disappointed many owners of vacant sites and plots in the city of Visakhapatnam. The Greater Visakhapatnam Municipal Corporation (GVMC) officials claim that the decision has been taken to check defaulters of tax arrears as well as to raise revenue. The GVMC is collecting arrears of VLT [...] Continue Reading »
The tax on commercial property in Chandigarh may be increased in near future. The issue is to be taken up at the meeting of the House Tax committee to be held in the coming days and the extent of the increase would be decided after a discussion at the meeting. Property tax on commercial property [...] Continue Reading »
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 »
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 »
