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: cpt :: list of goods taxed at 4% :: due date for vat payment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: articles on VAT and GST in India
 
 
« General »
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court
 Taxes under GST 'to increase a bit', says CBEC Chairman

Corporation sets new record in tax collection
April, 01st 2013

The city corporation grossed record revenue of approximately Rs 66 crore as aggregate sum in terms of advertisement tax, property tax, professional tax and entertainment tax during the 2012-13 fiscal.

Till March 31, the corporation collected Rs 1.33 crore as advertisement revenue for 2012-13, which is nearly Rs 20 lakh more than what it had collected during 2011-12. The revenue from entertainment tax crossed Rs 4 crore during this fiscal exceeding the previous year's income by Rs 1.5 crore.

An amount of Rs 26.5 crore was pocketed by the civic body in terms of professional tax. Last year the amount had stood at Rs 25 crore. "It was a good drive this year. We had never collected so much sum," a senior revenue official said. The maximum amount has been recorded in property tax with latest figures on the last day of the financial year showing Rs 34.9 crore. However, the collection in property tax does not show any remarkable increase. The collection during 2011-12 had also stood at Rs 34 crore. The cancellation of property tax that was due to the civic body from Technopark-based companies and series of litigation badly affected the estimated returns. "There are also arrears from government buildings and central government buildings. Although central government buildings were exempted from paying tax, this was not deducted from our demand," a revenue official said.

Demolished buildings, properties under litigation and certain buildings for which the government had issued stay on tax collection also hampered the corporation's plans. "As per our latest calculation, about Rs 25 crore need to be deducted from the total demand. Most of this amount is due from demolished buildings and this hasn't been updated in our system," the official added.

A squad comprising revenue inspector, health inspector and bill collector headed by the corporation secretary will be constituted to speed up the tax collection. "All the buildings under contention and unauthorized buildings will be put into a separate list. By the middle of the next fiscal, we will have an accurate list of actual demand so that we can effectively utilize our manpower for tax collection," said mayor

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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