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Property tax News

24 Jul 2024

LTCG Reduction On Property Without Indexation Is Bad News ; Check Calculation

Long-term gains on all financial and non-financial assets, on the other hand, will attract a tax rate of 12.5 per cent, announced Finance Minister Nirmala Sitharaman in her budget speech.

16 Dec 2022

Bedroom in Maharashtra, Kitchen in Telangana--divided by chalk mark: See pics

This family has 13 members. The bedroom falls in Maharashtra, the kitchen is in Telangana. The chalk mark divides this house into two parts.

Ghaziabad Municipal Corporation

02 Apr 2022

5.5 lakh Ghaziabad households will be issued unique IDs soon: Details here

The company undertook a GIS-based study of properties in its authority area and discovered that around 168,000 homes were never charged property tax. According to the officials, each property's unique ID will include information on the state, district, ward, and mohalla, as well as a name plate with the unique ID's information. According to reports, the corporation has so far collected roughly Rs 163 crore in property tax receipts in the 2021-22 fiscal year.

21 May 2021

Delhi update! Delhiites can pay property tax using THIS new app, here’s how

The app can help Delhiites in paying their property tax anywhere and anytime. Taxpayers will also get the facility of downloading the tax receipt directly on the mobile app. Citizens of the capital city can fill property tax of three corporations.

15 Oct 2020

Rajinikanth pays Rs 6.5 lakh property tax, tweets 'could’ve avoided mistake'

Responding to this, Justice Anita Sumanth warned the actor that costs would be imposed upon him for having rushed to the court, hardly ten days after he had sent a notice to the Corporation. It was also added that the actor ought to have sent a reminder to the civic body.

14 Oct 2020

Rajinikanth to withdraw case against property tax after HC warning

The actor had approached the Court with regard to the Property tax demand made by the Greater Chennai Corporation for the months April-September.

20 Feb 2019

Morning Zee: Watch big news of the hour, 20 February, 2019

This segment of Zee brings to you about the big news of the hour, 20 February 2019. Watch full video to know more.

20 Feb 2019

Top 25 News: Watch top 25 news stories of the day, Feb 20th, 2019

This segment of Zee News brings top 25 news stories of the day. Watch this video to know the latest news.

15 Jun 2017

Builders must pass on lower GST to buyers: Finance Ministry

The government on Thursday asked builders to pass on the benefit of lower tax under the GST system to buyers by reducing prices and instalments, otherwise the action will be violative of the anti-profiteering clause.

North Delhi Municipal Corporation

01 May 2017

NDMC to launch property tax portal, with mutation facilities

The North Delhi Municipal Corporation would soon come up with an interactive portal which would allow residents to query or apply for updating details regarding property tax.

14 Apr 2017

MCD polls: Delhiites prefer sanitation over property tax elimination, says survey

Elections to three civic bodies here are around the corner and a survey participated in by 48,000 citizens across the capital has revealed that the majority of them want sanitation to be considered the topmost priority.

06 Feb 2016

Union Budget 2016: Finance Minister may give LTCG tax concession for under construction property

The Finance Ministry may bring cheers to lakhs of home buyers in the country who are saddled with the double burden of house rent and high EMIs on home loans.

09 Dec 2015

South Delhi Municipal Corporation proposes minor hike in property tax; new professional tax

In order to increase revenue several measures including professional tax imposition, increase in property tax in the range of 1-2 percent, and implementation of Municipal Valuation Committee report for revising property taxes, are proposed for the year 2016-17.

Tax incentives for housing projects

24 Nov 2015

Government contemplates tax incentives to boost housing

In order to spur investment in the housing sector, the government is considering to provide tax incentives for certain projects to ensure 'Housing for All' by 2022.

25 Oct 2015

MCDs step up work towards improved property tax collection

Faced with fund crunch, the three Municipal Corporations of Delhi have stepped up work on the ambitious Unique Property Identification Code (UPIC) project that aims to streamline the database of properties under their jurisdiction and enforce an improved collection of tax in the city.

05 Oct 2015

NDMC records highest collection of property tax in five years

The New Delhi Municipal Council (NDMC) has recovered a record property tax collection of over Rs 290 crore during the current financial year so far, the highest figure in the last five years.

Finance Commission

25 Feb 2015

Finance Commission for reforms in property tax regime

In a significant recommendation, the 14th Finance Commission has called for reforms in property tax regime by giving powers to panchyats and municipalities to levy the tax on plinth basis with a provision for periodic revision and minimising grant of exemptions.

16 Sep 2014

Govt may form database on suppression of property sales amount

In an exercise aimed at checking blackmoney, economic intelligence agencies have started identifying instances where proceeds from property sale have been suppressed in a bid to defraud the government of revenue from stamp duty.

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