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Builders must pass on lower GST to buyers: Finance Ministry

Builders must pass on lower GST to buyers: Finance Ministry

The government on Thursday asked builders to pass on the benefit of lower tax under the GST system to buyers by reducing prices and instalments, otherwise the action will be violative of the anti-profiteering clause.

NDMC to launch property tax portal, with mutation facilities

The North Delhi Municipal Corporation would soon come up with an interactive portal which would allow residents to query or apply for updating details regarding property tax.

MCD polls: Delhiites prefer sanitation over property tax elimination, says survey

Elections to three civic bodies here are around the corner and a survey participated in by 48,000 citizens across the capital has revealed that the majority of them want sanitation to be considered the topmost priority.

 

Union Budget 2016: Finance Minister may give LTCG tax concession for under construction property

Union Budget 2016: Finance Minister may give LTCG tax concession for under construction property

The Finance Ministry may bring cheers to lakhs of home buyers in the country who are saddled with the double burden of house rent and high EMIs on home loans.

South Delhi Municipal Corporation proposes minor hike in property tax; new professional tax

In order to increase revenue several measures including professional tax imposition, increase in property tax in the range of 1-2 percent, and implementation of Municipal Valuation Committee report for revising property taxes, are proposed for the year 2016-17.

Government contemplates tax incentives to boost housing

Government contemplates tax incentives to boost housing

 In order to spur investment in the housing sector, the government is considering to provide tax incentives for certain projects to ensure 'Housing for All' by 2022.

MCDs step up work towards improved property tax collection

MCDs step up work towards improved property tax collection

Faced with fund crunch, the three Municipal Corporations of Delhi have stepped up work on the ambitious Unique Property Identification Code (UPIC) project that aims to streamline the database of properties under their jurisdiction and enforce an improved collection of tax in the city.

NDMC records highest collection of property tax in five years

NDMC records highest collection of property tax in five years

The New Delhi Municipal Council (NDMC) has recovered a record property tax collection of over Rs 290 crore during the current financial year so far, the highest figure in the last five years.

Finance Commission for reforms in property tax regime

In a significant recommendation, the 14th Finance Commission has called for reforms in property tax regime by giving powers to panchyats and municipalities to levy the tax on plinth basis with a provision for periodic revision and minimising grant of exemptions.

Govt may form database on suppression of property sales amount

In an exercise aimed at checking blackmoney, economic intelligence agencies have started identifying instances where proceeds from property sale have been suppressed in a bid to defraud the government of revenue from stamp duty.

PNB launches online facility for payment of property tax

The main highlight of this system will be that it will automatically calculate property tax payable on simply entering property details.

'Wipro faces seizure of movable assets for not paying taxes'

India's third largest IT firm Wipro has been threatened with legal action by authorities for allegedly not paying Rs 16.47 crore property tax as sought by the Bangalore municipal corporation.

Haryana government rationalises Property Tax

The Haryana government on Friday rationalised Property Tax rates in areas under municipal corporations.

3700 defaulters availed Property Tax benefit scheme: NDMC

Over 3,700 defaulters have availed benefit of property tax settlement scheme by the north corporation, offering immunity from penalty and waiver of interest, with the civic body having collected tax of Rs 10 crore so far, officials said.

Service Tax dept asks CIDCO to pay Rs 272 crore

The DGCEI said the tax was not paid from assessment year 2007 to 2012.

Property attachment orders issued over unpaid taxes

The Central Excise department here has issued property attachment orders in respect of 40 cases with a view to recovering service tax arrears to the tune of over Rs 50 crore.

Property tax notice slapped on Wipro; IT major says it has paid

Bangalore civic authorities have sent a property tax notice to Wipro Ltd, asking the software major to pay dues of more than Rs 19 crore along with interest or face severe legal measures to recover them.

Mittal pays full property tax in UK not availing discounts

According to The Sunday Times, many of his neighbours are avoiding complete payment by using discounts on their council tax bills.

Property tax in trans-Yamuna area likely to go up

One has to pay Rs 12 for a property valued at Rs 12 as property tax for category A and B.

NDMC proposes 3% hike in property tax

People residing in New Delhi Municipal Corporation areas may end up paying double the property tax from next fiscal with the civic body on Wednesday proposing a three percent hike and increase in valuation of property.