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: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: form 3cd :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT RATES
 
 
« News Headlines »
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you

This should been done at the time of announcing new tax rates
April, 29th 2016

The BBMP’s proposal to cap property tax for residential properties to 20 per cent has caused confusion among tax payers. This intention of making the maximum property tax hike uniform regardless of zonal classification should have been done at the time of announcing the new tax rates, say residents.

The BBMP has suggested that if the proposal is passed, the extra taxes that people have already paid will be offset against the next year’s tax. “This is already a scam in the making. Citizens are to wait an entire year for their money? The civic body should return the excess money right away across the counter,” said D.S. Rajashekar, president of the Citizens’ Action Forum, which represents around 110 residents’ welfare organisations in the city. “In their haste to collect excess money, they have severely inconvenienced the public,” he added.

With the unpredictability of the online system, several citizens stood in long lines at banks that had been deputed to collect the tax. There have also been complaints about problems in calculating tax for vacant sites, parking areas, non-working online tax calculator, error messages midway through the process, wrong address, no arrangements to look at previous tax payment receipts as well as no information about timings in banks. It points to the lack of planning, said critics.

“I was trying to pay my tax for two days online and when it persistently did not work, I ended up hiring some agent recommended for such work by someone I know. I paid him around Rs. 2,000, to pay my property tax of Rs. 15,000. After all I did not want the hassle of going physically, standing in the line and getting the paper work needed to get the tax paid before the end of the month,” said Mrs. Shankar, a senior citizen in Koramangala.

N. Manjunath Prasad, BBMP Commissioner who took charge this week, said they had given instructions for upgrading the software to suit the new system and that it will be ready by Monday.

At a press conference on Thursday, Mayor B.N. Manjunath Reddy said all issues would be resolved within a week.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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