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: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: TDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ACCOUNTING STANDARD :: VAT RATES :: empanelment :: due date for vat payment :: cpt
 
 
« General »
 Supreme Court agrees to hear plea on imposition of service tax on lawyers
 India's tax department signs 3 advance pricing agreements
 Income Tax Dept to probe deeper into suspicious bank accounts
 Modi may lower taxes to spur demand in his budget sops
 Tax breather for foreign investors: All you need to know
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week

Residential properties to be levied property tax from Nov 15 last yr
February, 05th 2013

After the formal notification of property tax from November 15, 2012 onwards, the Ludhiana Municipal Corporation on Monday announced that property tax would be levied from the same date onwards on all the residential properties of Ludhiana. On commercial properties, house tax will be replaced with property tax from April 1, 2013 onwards.

The department will be starting a physical survey of the properties across the city which is likely to be completed in two months. P S Ghumman, Joint Commissioner, Municipal Corporation, said, "We request the residents to provide all the needed information to our employees who will be coming for physical survey."

Ghumman added, "In addition to this, we have made a provision that residents can do self-assessment of their properties and can file online returns as well for which we have made 16 online centres and a unique identification number will be given to them for filing online returns."

The corporation is likely to divide the city into eight property zones. The basic formula will be: the similar nature of properties scattered in different parts of the city as well will be levied the same kind of tax. The residential colonies with the same kind of standards in different areas come under this category.

Ghumman said the tax would be calculated as per the age of the building. The tax calculation would be done after two months only, but in the mean time residents themselves could calculate the tax and file returns online. The tax would also be applicable to vacant plots in residential areas as well.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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