Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: Central Excise rule to resale the machines to a new company :: cpt :: articles on VAT and GST in India :: due date for vat payment :: list of goods taxed at 4% :: VAT Audit :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
« Sales Tax »
 India Fails to Break Deadlock on New Sales Tax
 Sales tax staff protest against goods service tax council
 Income tax survey on city jeweller
 Service tax levy to weigh on upstream companies’ earnings
 5 pc tax on online sales awaits Cabinet approval
 Amendment to Additional Sales Tax Act unconstitutional: High Court
 Maharashtra will soon achieve Rs one lakh cr sales tax : CM Devendra Fadnavis
 CBEC chief bats for minimal exemptions for India Inc under GST
 Issuance of Free Sale & Commerce Certificate to Merchant Exporters
 Why model GST law does not give confidence to exporting community
 State governments tighten their grip on sales tax holidays

North civic agency hikes commercial property tax
January, 09th 2013

North Municipal Corporation’s on Tuesday approved hike in property tax rates for non-residential properties. Although it was suggested that more properties be brought under the tax net, the committee reje
cted increase tax for residential properties.

Eyeing the upcoming elections, the committee also approved Rs 75 lakh per as development funds for each of 42 unauthorised and regularised colonies. For services in unauthorised colonies, a sum of Rs 25 crore has been allocated.
“ There is no change in residential property tax and we have rejected the hike in base price of properties, as suggested by officials. For non-residential properties in A and B categories, a 3 per cent hike is approved The tax stands at 18 per cent. For categories C, D and E, the tax was 12 to 15 per cent. Owners of properties under F and G categories had to pay 10 per cent tax.

The commissioner proposed 20 per cent tax for all property, but Standing Committee chairman Yogendra Chandolia approved a slight increase. The new tax for categories C, D and E is 15 per cent. F and G category commercial properties will have to pay 12 per cent tax. The committee has reduced the tax by 5 per cent for guest houses, lodges, inns and PGs. They will have to pay 15 per cent property tax.

For special non-residential properties like four and five star hotels, malls, PVR multiplexes, cinema halls and non-government hospitals, the tax has remained 20 per cent.
In a move aimed at

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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