Residents in Patiala, Punjab, are obligated to contribute annual property taxes for their residential and commercial properties. Property tax in Patiala is a significant source of revenue for the Municipal Corporation, supporting the development … READ FULL STORY
Navigating India’s long list of different taxes can be perplexing, especially when distinguishing between property tax and wealth tax. Although the terms might seem interchangeable, they address distinct facets of financial portfolios. Both taxes … READ FULL STORY
Payment of property tax is mandatory for all property owners in Ghaziabad. To enable easy payment of tax, the Ghaziabad Municipal Corporation (GMC) has put in place an online mechanism. Using the official website, … READ FULL STORY
The effective functioning and progress of Goa relies on the active involvement of the state government. Central to its economics is the collection of property taxes for various property categories, such as residential, commercial, … READ FULL STORY
All property owners, be it residential, commercial, or industrial, are liable to pay property tax to the municipal corporation of the area. This tax is the major source of revenue for the organisation and … READ FULL STORY
Property tax is a crucial source of revenue for local governments, and it plays a significant role in funding public services and infrastructure development. In Himachal Pradesh, like in many other Indian states, property … READ FULL STORY
In a significant crackdown, the Nagpur Municipal Corporation (NMC) has confiscated 463 properties from individuals who have defaulted on property tax payments, amounting to Rs 10.44 crore. The NMC, reliant on property taxes as … READ FULL STORY
November 28, 2023: The Municipal Corporation of Delhi (MCD) will start prosecution against property tax evaders whose dues are above Rs 25 lakh, according to an official statement. The authority, citing the Municipal Act, … READ FULL STORY
November 1, 2023: Integrated Township Palava City, located in Dombivli and developed by the Lodha Group was finally granted a rebate of 66% on property tax on October 30, 2023, under the directive of … READ FULL STORY
The payment of property taxes is a necessary step homeowners need to take each year. This tax is levied on the individual or corporation owner of the property depending upon where the property is … READ FULL STORY
New Town, a satellite city of Kolkata, is emerging as a promising destination for investors and home buyers. This city enjoys proximity to Kolkata and is witnessing infrastructure development, with an upcoming metro line … READ FULL STORY
Municipal bodies can charge property tax from residents only after a building has been issued an occupancy certificate (OC), the Kerala High Court (HC) has ruled. “Without (an) occupancy certificate, the building would not … READ FULL STORY
Property investments are highly capital intensive and any mistake made during the process, can cause a great deal of trouble for the buyer. This makes it imperative for a buyer to exercise due caution … READ FULL STORY
