Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: articles on VAT and GST in India :: form 3cd :: TDS :: Central Excise rule to resale the machines to a new company :: VAT Audit :: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT RATES
 
 
Indirect Tax »
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory
 Nearly 15 pct growth in direct tax collections for fiscal 2017-18

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 2017 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