Nagpur civic authority cuts 200% extra tax on rented properties

NMC-Nagpur

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 public More...

by Staff Reporter | Published 4 weeks ago
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lease
By admin On Wednesday, November 4th, 2015
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LEAVE AND LICENSE : Why Eleven Months only ?

By. S. R. Agarwal, Advocate By Accommodation Times News Services There is a practice prevalent in Bombay that Leave & Licence Agreement in respect of a residential  premises  is entered into and  executed  More...

tenancy
By admin On Thursday, June 25th, 2015
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NON – Taxability of surrender of tenancy rights prior to 1-4-94

By Accommodation Times News Services By Vimal Punmiya, Chartered Accountant Posted on 26 July 1999 The issue regarding taxability/non-taxability of surrender of Tenancy rights is giving sleepless nights to millions More...

tax
By admin On Tuesday, February 24th, 2015
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Transfer of leased premises sans business ends taxpayer’s right in capital asset

By Accommodation Times News Services The Mumbai bench of Income-tax Appellate Tribunal (the Tribunal) in the case of United Motors (I) Ltd. has held that income from transfer of a leased premises without transferring More...

affordable housing
By admin On Tuesday, February 10th, 2015
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Rent Control Legislations and Its Impact on Economies

Accommodation Times Archives By Yashashree Kulkarni Not all of us can afford to buy a home as this means a huge investment. Thus, one opts to rent accommodation in one”s place of employment. Many of us live More...

legal1
By admin On Friday, February 6th, 2015
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Lease and Licence Distinguished

By: Mohan Rijhwani, Advocate By Accommodation Times News Services The history  of conflict  in the  distinction between lease and licence is as old as the history  of the concept of lease  itself . The relation More...

law
By admin On Monday, December 29th, 2014
1 Comment

By overstaying, a licensee cannot claim tenancy rights

By Accommodation Times News Services With the passage of the time the system of giving properties on leave and license basis in Maharashtra is taking roots, but still a good number of the property owners are apprehensive; More...

By admin On Friday, September 23rd, 2011
2 Comments

Eviction order after expiry of Leave and Licence period

By Chhaya Dhuri A license is defined under Section 52 (Chapter VI) of the Indian Easement Act, 1882. The definition of license reads as follows: “Where one person grants to another, or to a definite number More...

Anil Pharande
By admin On Friday, September 23rd, 2011
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Affordable Housing – Where Is the Supply?

President of CREDAI PCMC and Chairman of Pharande Spaces Mr. Anil Pharande Affordable housing is a term we use for residential units in India’s urban areas which are affordably priced with respect to households More...

By admin On Friday, March 19th, 2010
2 Comments

Latest on Rental Service Tax implecations

Definition of “Renting of Immovable Service”: - Service Tax was levied on Renting of Immovable property service from 01.06.2007 by the Finance Act, 2007. The definition of the words ‘renting of immovable property’ More...

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