Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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
Popular Search: VAT Audit :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: list of goods taxed at 4% :: cpt
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

Amnesty attracts property tax evaders even before its launch
November, 14th 2014

As many as 263 property tax defaulters have applied to the Thane Municipal Corporation (TMC) seeking payment of their arrears even before the proposed amnesty scheme for property scheme is launched. TOI on Wednesday had reported about TMC's plan to introduce amnesty scheme for property tax defaulters.

The corporation officials are of the opinion that the number of applicants would witness huge spurt once the corporation officially announces the implementation of the amnesty scheme.

"The number of application received from citizens who want to pay their pending dues under the amnesty scheme reflects that people want to clear their pending dues. Hence the corporation should expedite the procedure for introducing amnesty scheme. This will not only be of great relief for the citizens, but will also help TMC in increasing its revenue receipts, especially at a time when corporation is passing through a financial crunch," a senior TMC official said on condition of anonymity.

As per rough estimate of the corporation nearly 2,000 people are in the list of property tax defaulters. The total outstanding amount of property tax recovery is said to be around Rs 170 crore, including the administrative charges for the delay in payment.

Meanwhile corporation is also mulling to introduce tax system based on capital value instead of calculating the property tax on rateable value of the property. The TMC expects to earn nearly Rs 200 crores from the property tax in 2014-15.

While corporation is planning to introduce amnesty scheme, many citizens are complaining about the functioning of the online tax payment system. "If any one clicks on the property tax payment website of the civic body the page goes blank. There have been several such complaints. When the issue was brought to notice of the civic officials they claim the site is functioning smoothly and unwilling to resolve it," said Chirag Joshi.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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