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 :: form 3cd :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: empanelment :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: articles on VAT and GST in India
 
 
« General »
 Filing ITR just got easier for salaried class with CBDT's one-page form
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956

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 2017 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