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: form 3cd :: VAT Audit :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT RATES :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: empanelment
General »
 Number of companies paying tax over Rs 100 crore declines in 2013-14
 Tax and the dilemma of the self-employed
 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

Property tax: PMC wants amendment to BPMC Act
April, 21st 2011

The Pune Municipal Corporation (PMC) has proposed an amendment to the Bombay Provincial Municipal Corporations (BPMC) Act, 1949, so that double property tax can be imposed on owners who fail to inform the civic body about completion of a building.

In a proposal tabled before the civic law committee, municipal commissioner Mahesh Zagade has said that as per the BPMC Act, the corporation should be informed about new constructions or changes made in existing buildings (addition or reduction of size), so that property tax can be charged.

The civic administration has proposed an amendment, stating that if the owner of any such property fails to inform the corporation within 15 days of completion, the corporation should be authorised to charge property tax with double rates.

However, political parties are unhappy with the proposal. Speaking to reporters on Wednesday, Congress leader in the PMC Aba Bagul said, "The PMC is already charging double property tax from owners who have not sought a completion certificate. Now the PMC wants to legalise its illegal action and collect double property tax."

The civic administration has admitted that most of the 6,60,000 identified/assessed properties in the city have not obtained occupancy (completion) certificates and that the PMC will soon launch a drive to check for the document.

Zagade has already admitted that most developers/builders or people who submit building plans do not seek an occupancy certificate from the building permission department. The document is denied to a builder if he fails to adhere to the PMC norms. "Many builders/developers are selling their buildings/flats without this document," he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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