Urban development ministry to developers to pay adv tax for 3year

By Accommodation Times Bureau Mumbai: The minister of state for urban development Bhaskar Jadhav said that, “developers will have to pay property tax in advance for three years at the time of issuing commencement certificate.” If developer fails to complete the construction work within the three years period, then again developer will have to pay More...

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By admin On Thursday, March 29th, 2012
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New Capital Value based property tax system to be tabled

By Accommodation Times Bureau Mumbai: In the previous year capital value based property tax system twice has been rejected, once again the proposal supposed to be tabled on Wednesday. As there is no agreement between More...

By admin On Friday, March 9th, 2012
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Civic-body seeks more time to implement capital value-based property tax system

By Accommodation Times Bureau Mumbai: On this Wednesday the state cabinet has directed to the Brihanmumbai Municipal Corporation (BMC) not do any changes in levying property tax based on the rateable value-based More...

By admin On Friday, September 11th, 2009
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Why not Individual billing of Property Tax

WHY NOT INDIVIDUAL BILLING OF PROPERTY TAX-? …. By SUDHAKAR DOKHANE President PEATA (I) Under the provisions of M.M.C. Act 1888, Municipal Corporation of Gr. Mumbai (MCGM) is authorised to collect More...

By admin On Wednesday, September 2nd, 2009
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The Unit Area Method of Property Tax

The Unit Area Method of Property Tax is being implemented from 1st April 2004. This is a historic reform in the administration of property tax laws and is designed to be citizen friendly, transparent, easy to calculate More...

By admin On Wednesday, September 2nd, 2009
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Valuation methodology for Capital Values

Valuation methodology for Capital Values Subjectivity and relevance of valuations of capital need to be in parlance with real appreciations By Ubaid Parkar The 72nd Legislative Assembly Bill states that the Commissioner More...

By admin On Wednesday, September 2nd, 2009
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Property Tax on Capital Value System

Property Tax on Capital Value System By Santosh Kumar & Sunit Gupta Authors of the Stamp Duty Ready Reckoner & Market Value of Flats in Mumbai. In order to understand the proposed property tax on capital More...

By admin On Wednesday, September 2nd, 2009
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Old System of Property Tax in BMC limit

Old System of Property Tax in BMC limit Assessment Tax is a revenue earned by Civic authority for the services being rendered to public viz. water, sewerage, education, streets etc., which is based on Ratable Value More...

By admin On Wednesday, September 2nd, 2009
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Background paper on Property Tax

Background paper on Property Tax in urban areas by govt. of Maharashtra The sources of Revenue for the urban local bodies in Maharashtra are income from taxes collected by the local body, grants from Govt. and other More...

By admin On Tuesday, September 1st, 2009
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Assessment Book

Assessment Book All the urban local bodies Acts in India provide that each of them shall maintain a register called Assessment Book. However, the type and the extent of entries that are provided therein may vary More...

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