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: ACCOUNTING STANDARDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: list of goods taxed at 4% :: articles on VAT and GST in India :: due date for vat payment :: cpt :: empanelment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS
 
 
« General »
 Tax Department To Launch 2nd Phase Of Bank Accounts' Scrutiny Next Month
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well
 Why salaried class deserves standard deduction
 3 new taxes that Modi government could introduce, but won't
 Tax gains may showcase demonetisation windfall

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