Over 1.4 lakh buildings in newly 11 merged villages in Pune to pay property tax

By Accommodation Times Bureau PUNE Newly 11 merged villages which have over 1.42 lakh properties, including commercial and residential buildings, will now pay property tax from this April to Pune Municipal Corporation (PMC). The standing committee approved to impose property tax in the outskirts areas on Thursday. The property owners are liable for

Civic body seals 27 commercial properties

By Accommodation Times Bureau RAJKOT With aid of special drive on Monday Rajkot Municipal Corporation (RMC) sealed 27 commercial properties, including two shops of royal scion Manoharsinh Jadeja, in the city. These 27 commercial properties were having outstanding tax dues. During sealing the shops, a few shopkeepers made payment by cheque on the

Nagpur civic authority cuts 200% extra tax on rented properties

By Accommodation Times Bureau NAGPUR On Thursday, Mayor Nanda Jichkar announced during a conference that, Nagpur Municipal Corporation (NMC) has decided not to levy any extra tax for rented properties. The relief has been given for both residential and commercial properties. Until now, rented properties were taxed at thrice the normal rate. A

PMC: Pune civic body to seal belongings of property tax defaulters

By Accommodation Times Bureau PUNE The Civic body of Pune has directed the owners of commercial establishments having property tax dues to pay the arrears at the earliest, or else it would be sealed. In the past two weeks, the property tax department has sealed properties and collected Rs4.5 crore tax dues from establishments.

Property tax collection rises by 114% in Gurugram

By Accommodation Times Bureau GURUGRAM As compared to previous year, Municipal Corporation of Gurugram (MCG) has seen a dual increase in property tax collection between December 2016-17. According to the MCG website, the property tax collection from December 2015-16 was Rs 177.4 crore, tax collection between December 2016-17 was Rs 378.29 crore

Government offices in Ludhiana at top of the defaulters list for property tax

By Accommodation Times Bureau   Ludhiana, March 3rd, 2017: The civic officials are onto recovering the property tax amount from city residents. Apparently the top defaulters in the list are government offices which haven’t cleared their dues of property tax.  The MC officials have decided to seal the properties under section 12-B and

Around Rs. 258 crore collected by South Delhi civic body under property tax amnesty

By Accommodation Times Bureau   South Delhi Civic body collected almost Rs. 258 crore under the property tax amnesty. The scheme launched in last week o November, 2016.  The amnesty law allows defaulters to pay dues without penalty or interest on the amount. Almost Rs. 170 crore was collected over past 3

Pradeep Jain and 10 other directors of Parsvnath Developers restrained from leaving the country

By Accommodation Times Bureau   The Delhi high court has compelled Pradeep Jain, chairman of Parsvnath Developers Limited and other 10 directors from the firm from leaving of the country under the case for delay in delivery of Paramount project.  The complaint was registered by the Paramount Residents Welfare Association to the

Budget’s influence on housing taxation

By Accommodation Times Bureau.   According to the recent Parliamentary General- Budget for the year 2017-2018, held on February 1st, 2017. The Union Minister of Finance and Corporate Affairs Shri Arun Jeitley presented various growth empowerment topics, one of the main aspects focusing on the affordable housing.  Shri Arun Jeitley said how

Tax Deducted At Source (Tds) On Property Transactions

By Accommodation Times News Service By Rajkumar Adukia, LL.B Introduction “A tax is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is any contribution imposed by government whether under the name of toll, tribute, impost, duty, custom, excise, subsidy, aid, supply, or other name.” (Black’s