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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.

Tamil Nadu govt launches 150 e-service centres

Tamil Nadu government has launched 150 e-service centres at an investment of 5.92 crore in the state where people can property tax, water tax and electricity consumption charges.

PCB asked to pay property tax on Gaddafi stadium

PCB asked to pay property tax on Gaddafi stadium

Lahore High Court has ordered the Pakistan Cricket Board (PCB) to pay 60 million rupees as property tax to the government for using the Gadaffi stadium for commercial purposes.

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.

No demolition of unauthorised colonies till 2017: SDMC panel

No demolition of unauthorised colonies till 2017, a provision of Rs 15 crore under the 'Swachch Bharat Mission', and a unique ID for property tax are among the proposals made by the Standing Committee of the SDMC in its budget today.

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.

WB to request districts to waive tax for blue buildings

West Bengal government will request municipalities in other districts to follow Kolkata Municipal Corporation's decision to waive property tax for residential buildings painted in blue and white, a state minister on Monday said.

Civic body seals 61 mobile towers for evading property tax

Coming down on defaulters, the Aurangabad Municipal Corporation has sealed 61 mobile towers for non-payment of property tax.

Congress deceiving people on property tax issue: Sukhbir

SAD president Sukhbir Singh Badal Friday lashed at Punjab Congress leaders for allegedly deceiving people of Punjab on the property tax issue and hit back at Congress led UPA for "arm twisting" the states into taking the decision.

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.

HC orders notice to CBI on plea seeking probe

Madurai Bench of Madras High Court ordered issue of notice to CBI on plea praying for a probe into Tiruchirappalli corporation using "unauthorised" software for assessing and collecting property tax.

'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.

Protest march against introduction of property tax in Punjab

Activists of Hindu outfits today held a protest march here against the imposition of "huge property tax" by the state government.

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.