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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: VAT Audit :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: cpt :: VAT RATES :: Central Excise rule to resale the machines to a new company
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 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

Delhi govt earns 30% more property tax compared to the last year
April, 29th 2011

The Municipal Corporation of Delhi (MCD) this year collected close to 30% more as property tax compared to the last year. Overall, MCD collected over Rs 1,500 crore, including Rs 728 crore in transfer duty, during the financial year 2010-11. MCD officials attribute the sharp rise to the increase in the transfer duty and the increase in the number of taxpayers.

Last year, MCD collected just close to Rs 1,158 crore as property tax, including Rs 460 crore as transfer duty.

"This year, close to 10.35 lakh people have paid their property tax -an increase of 5.5%," said Ved Prakash Gupta, chairman, high-powered tax committee, MCD.

In 2010-11, there has been an increase in number of people filing tax online, too. "We collected Rs 20,923.42 lakh as compared to Rs 13,235.94 lakh last year. Close to 4.95 lakh people made use of the online facility to deposite tax as compared to 3.82 lakh people last year," said Gupta.

Despite negative publicity - the ruling BJP had announced that the property tax would not be collected from unauthorised colonies and villages - MCD saw a sizable increase in the number of taxpayers.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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