sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Indirect Tax »
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers

Flat-owners sore at govt 'robbery' of tax-payers
October, 07th 2014

Single-source electricity connections or smart electricity meters, increased property tax in reviewed formula and inception of conveyance deed (CD) has emerged as a major issue for the 40,000 strong population of owners/allottees of flats in over 300 group housing societies in Mansa Devi Complex, sectors 20, 22, 25, 26, and 27, which fall under the PANCHKULA assembly constituency. MANVEER SAINI catches up with residents to check their pulse towards elections.

Panchkula: "For the past two years, we had been fighting the battle against single source connection forced upon us by the Haryana Electricity Regulatory Commission (HERC). Following this, we have been now served fresh notices about the replacement of existing meters by pre-paid smart electricity meters," said Subhash Chander Sachdeva, the president of a flat owners' body in Mansa Devi Complex.

And this has come with a heavy burden of redefined property tax, as well as conveyance deed (CD) forced on the residents. Most of the flat owners are retirees and have invested their entire bank balance in getting the house. Original allottees will be forced to pay Rs8,000-10,000, and those who bought the houses on resale will have to shell out about Rs3-5 lakh, depending upon the value of the flat. Referring to property tax, BB Sharma, an office-bearer of the Sector 20 flat owners, claimed that property tax is working out to be more than that of a house of 350 square yards owned in other sectors. "So far as electricity is concerned, flat owners are the only group targeted by the electricity department to cover up their losses incurred in power theft in the rural belts," he said.

These societies were carved out by the Haryana Urban Development Authority (HUDA) by allotment of land to co-operative societies under the scheme of affordable housing since 1990. Most of the allottees are retired employees or officers or small businessmen of the city. Contrary to the claims of Congress MLA Devender K Bansal, who has taken up this issue in the assembly as well, the residents say otherwise. "We have seen our parents struggling to raise loans for the purchase of a flat. Now, when a major portion of the income is going in instalments, we see our parents cribbing over increased property tax as well as the CD issue. Which rulebook says you to pay thrice for a property?" asked Anuj Kataria, a young entrepreneur living in the Mansa Devi Complex.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions