Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: form 3cd :: due date for vat payment :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

NMC tunes up property tax dept for better recovery
April, 23rd 2014

With NMC property tax department registering just an average performance and recovering Rs 186 crore, municipal commissioner Shyam Wardhane has decided to divide the functions of assessment and recovery.

Sources said this was administration plan to focus more on two main sources of revenue - LBT and property tax. They said the tax department had a potential to earn up mto Rs 400 crore but had not even touched half that. Dividing the functions of assessment and recovery would lead to faster assessments and better recovery, they claimed. At present, the same people in the department carry out both the functions. In this arrangement, the possibility of under assessment and recovery cannot be ruled out.

Even though number of properties in the city had increased manifold, the tax earnings had not kept pace. Recently, Wardhane suspended a tax inspector and two collectors over poor performance in terms of recovery. Notices were also served to 14 other tax collectors for under performance. A senior official told TOI the administration had started preparing the proposal to bifurcate the functions and it would be tabled before the general body meeting.

The official said additional municipal commissioner Hemant Pawar had also stressed on the need for transfers of under performing staffers of the property tax department. Sources said the civic chief had also indicated stern action against assistant municipal commissioners whose zones perform poorly in property tax recovery.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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