Posts Tagged “tax”

Two years after MCG discovered property tax fraud, police are yet to submit report

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Two years after MCG discovered property tax fraud, police are yet to submit report

MCG officials on Saturday said that the Gurugram police are yet to complete their probe and, as such, no action has been taken in the matter. (HT image) Even two years after it was discovered that two employees of the Municipal Corporation of Gurugram (MCG) had allegedly changed the property type of 95 commercial properties…

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Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

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Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

The city administration has decided to collect property tax from individual flats rather than entire buildings in a move anticipated to both hold the individual flat owner more accountable as well as facilitate the tax payment for Mumbaikars. The Brihanmumbai Municipal Corporation’s policy decision has been taken under section 155 of the Mumbai Municipal Corporation…

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Siddhartha saga: Property attachment is by no means tax terrorism

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Siddhartha saga: Property attachment is by no means tax terrorism

S Murlidharan In his yet-to-be authenticated letter to his staff, which many call his dying declaration, V G Siddhartha, the founder of Café Coffee Day (CCD), says among other things that he was constantly being pressured by a private equity player to buy back shares; and that he was hamstrung by the provisional attachment of…

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No need to file income tax return if buying property or selling without capital gains

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No need to file income tax return if buying property or selling without capital gains

For sale of property without any capital gain, no ITR is required. Should I file income tax return (ITR) if I purchase of property for above Rs 30 lakh; sell a property without any capital gain and give gifts to relatives? – Pardeep Kapi For purchase of property for above Rs 30 lakh, no ITR…

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Mumbai: Government waives property tax on houses up to 500 sq ft

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Mumbai: Government waives property tax on houses up to 500 sq ft

BMC officials said that around 14.98 lakh properties would benefit from the waiver. The civic body receives revenue of around Rs 350 crore from these properties, said an official. (Representational Image) TO WOO the urban middle class ahead of the Lok Sabha polls, the state government on Friday waived property tax for residential houses measuring…

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Pune: Civic administration intensifies action against property tax defaulters

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Pune: Civic administration intensifies action against property tax defaulters

(Representative image) PUNE: The Pune Municipal Corporation (PMC) has further intensified the action against property tax defaulters ahead of the end of financial year. The administration has warned to cut off water supply connections of the tax defaulters. The civic body has been able to collect Rs 1, 058 crore property tax so far starting from April 2018. Officials…

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