A Supreme Court bench of justices Deepak Gupta and Aniruddha Bose, on October 24, 2019, said: “It will be obligatory for all municipal corporations in the state of Maharashtra, where the population is 50 … READ FULL STORY
After the Congress accused the Shiv Sena-BJP alliance of misleading Mumbaikars on the property tax waiver, the BJP has clarified that all components of the levy would be waived in future bills. The process … READ FULL STORY
Recently, the GST Council slashed the Goods and Services Tax (GST) rate on under-construction homes. With this, home buyers are trying to assess the impact of the rate cut. We look at some of … READ FULL STORY
There are several factors to consider before taking a building on rent for commercial purposes. These factors must be looked at from all possible perspectives and any lacuna or ambiguity must be sorted out … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
There are many pitfalls in taking a commercial building on lease. It is imperative to have a thorough understanding of the area and one’s own requirement from the premises. Commercial lease agreements usually involve … READ FULL STORY
The South Delhi Municipal Corporation (SDMC), on March 12, 2018, extended the ambit of an amnesty scheme to provide substantial relief in property tax, to residents of all types of colonies, officials said. The … READ FULL STORY
There has been a surge in the collection of property tax online, by the South Delhi Municipal Corporation (SDMC), with Rs 80 crores collected in the first quarter this fiscal, the civic body said … READ FULL STORY
Citizens of Kolkata will now be able to calculate their property tax themselves, with the passage of the Unit Area Assessment System in the Kolkata Municipal Corporation, on March 30, 2017. There was scope … READ FULL STORY
Receipts of tax on sale of land and buildings, conversion to freehold, development charges from private parties, car parking charges, trade licenses, booking of community centers for weddings, tax on advertisement and registration of … READ FULL STORY
The South Delhi Municipal Corporation (SDMC), on December 21, 2016, started distributing unique property identification code (UPIC) cards to the 16 lakh property holders under its jurisdiction. The UPIC cards have been provided with … READ FULL STORY
