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Real Estate Forum on Tax

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Recently I bought one home in madurai and I forgot to ask about Drainage and water tax bills. When I try to change the name in house tax receipt they asked about pending 30k ruppees for drainage. Can we take any legal action to previous house owner regarding this ?
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Q: Hi Friends,

While trying to get the New PID details in http://asbpa.bbmp.gov.in I am getting the information as "Missing Property". I have paid the tax up to date, Even in tax paid receipt, the New PID field is blank. Any idea on how to get the New PID allocated? will this cause any problem later?

Thanks and Regards,
Albin

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Q: There are so much confusion happening regarding the tax. once the goverment is demolishing the properties of the defaulters, once news come there is problem of tax between the north and south corporation. Kindly update
Latest Answer: Hi, friends i want to know how to pay online property tax. I am not getting the exact website for it. do suggest
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Q: What is the status of VAT which we paid for buying a flat in bangalore? will it comeback to me ? is it confirmed? i have heard a case going on in the court

Latest Answer: Builders as well as flat buyers are confused over the payment of VAT charges on selling and buying property. According to the law, Value Added Tax (VAT) is applicable on mobile things. Things which are immovable are not counted under VAT.
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Q: What will happen for those who have already paid extra Tax?
tax
Latest Answer: According to the incident that happened recently, due to the confusion of the municipality people were made to pay extra tax. When they realised this, the municipality announced that the extra payment will be adjusted in the next bills.
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Q: With the rise in the service tax the cost of construction has been increased. What is happening due to the rise in the construction cost?

Latest Answer: Hi all, there was a protest held by construction workers in Vijayawada, A.P against the rising costs. To read more about this issue click The real estate sector is protesting in Vijayawada.
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Q: Does anyone here know what is the reason for people in Chennai not paying the taxes on time?
Latest Answer: The officials say that technical problem and the stuff crunch are the main causes for the less collection of tax. A total of Rs.358 crore was collected where the tax target was Rs.558 Crore.
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Q: Is there any discount be given if we pay the entire tax in time?
Latest Answer: Hi Suresh, I have heard that the tax payers can avail 5% rebate on the tax amount if they pay the full tax before 30th April.
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Q: I heard, there are number of pending tax that need to be collected in Kolkata City. Did the KMC recover the property tax from the defaulters? How much they are planning to recover in this financial year?

Latest Answer: KMC could not do any thing regarding the pending tax that need to be collected from the defaulters. After four months of wait West Bengal Governor has finally given an assent to the KMC. The officials in the assessment collection department said that the new written statement scheme will help recover at least 300 crores of the outstanding sum of 2,600 crores.
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Q: What action the tax department is going to take against Bangalore Metro Rail Construction Ltd? What is the matter that Bangalore metro ended up with not paying the tax on time?
Latest Answer: Recently the Bangalore Metro Rail Construction Ltd has received a notice issued by the Commissioner for not paying tax on time. The reason for not paying the tax on time is that the number of commuters in metro has deteroirated and this has reduced the revenue of the metro services.
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