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

Property of tax defaulters liable for seizure
January, 08th 2015

Residents who have not paid property tax to the Chennai Corporation will soon be told that their property will be seized. The list of assessees who have failed to pay their tax even 15 days after the deadline will be generated for action shortly.

Chennai Corporation has instructed Revenue Department officials to initiate measures to serve a ‘distraint warrant’ for failure to pay property tax. The Chennai Corporation has to pay more than Rs.200 crore for major infrastructure project works completed in the city. The civic body is planning to improve property tax collection to meet the expenses.

If taxes are not paid by any of the 12 lakh property tax assessees in the city, the property could be seized and sold for the amount of taxes and expenses due. The officer will first demand payment of the tax due and the warrant fee. The revenue officials will seize such movable property of the defaulter, make an inventory of the property seized, and give a copy of the inventory and the notice of sale. A week’s notice is served for paying the amount due and redeeming the property seized. A recent study estimated an arrears of property tax to the tune of more than Rs.1,000 crore. However, after officials pointed to flaws in the study, the Corporation is currently re-evaluating the data. Earlier, the civic body tried to get government approval to disconnect water and power supply to houses and business establishments that do not pay property tax. The government is yet to give approval.

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