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: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TDS
« General »
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces
 CAG lens on entities avoiding tax with ‘farm income’ claim

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 2016 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