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: TDS :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: due date for vat payment :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
 
 
News Headlines »
 Govt to simplify income tax laws, sets up task force under taxman Arbind Modi to study overhaul
 Infosys to configure GST network for filing returns
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961

80 per cent of tax collected
March, 21st 2009

The Tax Assessment and Collection department of the Thane Municipal Corporation (TMC) has achieved property tax collection of around 80 per cent even though it is still about 10 days to go for the current financial year to lapse. The department has stepped up all efforts to ensure the remaining 20 per cent tax collection in the 10 days period before March 31.

Harischandra More, the Deputy Municipal Commissioner in-charge of the department, informed Thane Plus that his men have collected assessment taxes to the tune of Rs 132 crore till the evening of March 19. The sum is less than 80 per cent of the target of around Rs 170 crore given to the department to meet in the current financial year.

From the targetted amount, the department has to collect Rs 120 crore by way of property tax on the roughly 1.43 lakh taxable properties for the current financial year alone. The balance of Rs 50 crore is the due outstanding tax arrears of the previous years. More claimed that the performance of the department was good so far despite the fact that the year witnessed unprecedented global and national economic recession and there are no signs of immediate recovery. The year was the worst one for the local business community as well as the common working class in the last several decades.

Despite the odds, the Tax Assessment and Collection officers and men took up the challenge since October last year. The civic administration nominated one Deputy Municipal Commissioner each in each of the nine ward councils since late last year to boost up property tax collection. The officers have been given the required number of staff to achieve their goals.

Staffers from non essential departments have been deputed to assist the taxmen in collecting the tax arrears. This has led to an almost lull in the functioning of the non essential civic departments. The deputed staffers are working since early morning till late at night. The drive is continuing on Sundays and holidays as well.

The corporation also pursued carrot and stick policy to achieve its aims. The civic administration offered to provide insurance cover of up to Rs 25,000 for individuals and their wives as well as two children who cleared up their property tax dues before February 28.

The TMC also resorted to the use of force against defaulters. Thousands of defaulting properties have been sealed and taken into civic possession so far. The latest in this series is the action of sealing of 100 commercial galas belonging to the Hiranandani Estate at Ghodbunder Road on Thursday. The break up of the collected property tax figures at the ward council level is not yet available with the department but there are claims that almost all the councils have posted tax collection of above 70 per cent so far. The Deputy Municipal Commissioner is hopeful that his department will finish the year with a record tax collection.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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