Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: TDS :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: cpt :: list of goods taxed at 4%
 
 
General »
 Advance tax payout by top cos grows just 2% in Sept quarter
 Why abolishing personal income tax may not be a good idea
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman

7-fold rise in property tax income of Pune Municipal Corporation
May, 26th 2014

Pune Municipal Corporation's (PMC) income from property tax has increased seven-fold in a decade.

The civic administration recently shared the details of the tax collection with the corporators. Where the revenue earned from property tax in 2003-04 was Rs 111 crore, the tax collection for 2013-14 amounted to Rs 750 crore.

Based on an assessment by the PMC, owners of around 7.5 lakh properties in the city, including open plots, commercial and residential properties, are liable to pay the tax.

"The improvement in the recovery system is one reason that has boosted revenue. There were many properties which were not under the tax ambit. The civic body conducted several drives over the years to take care of such properties," said Hemant Nikam, head of PMC's property tax department.

Barring 2007-08, when the total revenue reduced by Rs 9 crore, the property tax collection has been steadily rising. Civic officials cited better recovery process and proper distribution of bills as the reason behind the good collection. Earlier, many property owners did not get the bills on time and, therefore, avoided paying the tax. Recently, the PMC conducted a drive where they used brass bands and collected property tax dues of over Rs 90 crore.

The bands were hired to play loud music in front of such properties, shaming the owners into clearing their dues. Officials from the property tax department accompanied the bands to collect the payments. The drive was launched in March 2013 on an experimental basis. After getting a good response, the drive was converted into a regular scheme.

Civic officials said the annual discount offered in property tax to property owners has also increased the revenue. Citizens who pay their property tax dues before May 31 get a discount of 10% on their bills.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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