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Property Tax

Cf 18

No Compulsion to Pay Full Stamp Duty on Gujarat Jantri Rates

The Gujarat High Court (HC) gave an important judgement a few days back that registration of property cannot be made mandatory only on payment of the complete stamp duty according to Jantri rates. As per the ruling, paying 5% stamp duty on ready reckoner prices will no longer be a deterrent for registering a property. […]

karthik.k

Will property tax hike in Pune?

Property tax is a tax levied by the Government or the local governing body over a property which the owner of the property is bound to pay. Property tax is the main source of income for any governing authority of a state. All the property in a state is subjected to pay tax except foreign […]

antone

Owners of illegal buildings pay double property tax to PCMC

The Pune civic body will tap into huge funds as it orders illegal structures in the Pimpri-Chinchwad Municipal Corporation (PCMC) limits to pay double property tax. With such a move, the civic body intends to net Rs 42 crore revenue from the structures that cropped up after 2008. Pimpri-Chinchwad Municipal Corporation will soon bring to […]

MCD offers interest waiver scheme to collect property tax arrears

In order to ensure collection of property tax arrears which is worth many crores of rupees, the North Municipal Corporation of Delhi has offered a scheme from August 19th. As per the new settlement scheme, penalty and interest on property tax payments will be waived off. The new scheme will be applicable till November 30, […]

Paying property tax turns easy: Bangalore on a high run

In what has been a major move by the Bangalore civic body, paying property tax in the city turns as easy as a pie, wiping out the need to stand for hours in BBMP queues. With the advent of computerized kiosks at numerous banks, payment of property tax is no more a headache for taxpayers, […]

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