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 :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ACCOUNTING STANDARD :: VAT RATES :: VAT Audit :: TDS :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India
 
 
« Indirect Tax »
 Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction
 Clarification Regarding Filing of Offline Challans with IEPF Authority under Companies Act
 Cash deposits in Jan Dhan accounts drop after govt warning: income tax dept
 Indirect tax receipts to see small, brief hit’
 There is no tax on interest income of up to Rs3 lakh a year for senior citizens
 Chidambaram favours change in direct tax rates
  Further rationalization of revised simplified procedure for fixation of brand rates
 Kerala to accept demonetised banknotes for payment of state tax till Nov 24
 Centre-state gridlock over GST jurisdiction remains, could threaten tax rollout
 India to levy tax on investments from Cyprus from April 2017
 Why tax radar may detect your cash deposits after Nov 8

IT solutions a must to shore up tax collection
May, 06th 2015

The city-based NGO Mysore Grahakara Parishat (MGP), which spearheaded the Self Assessment Scheme (SAS) for property tax payment, has flayed the authorities for its inability to digitise property tax records.

Bhamy V. Shenoy, founder of the MGP, and R. Chandra Prakash, president, wondered if the MCC was serious about collecting property tax. The tax forms did not reflect the 15 per cent increase in tax component last year, though the 15 per cent hike comes into effect once in 3 years.

“As on May 1, 2015, there is no new tax form and the rates do not reflect the 15 per cent increase nor the 2 per cent transportation cess being collected by the authorities,” said the MGP.

Many citizens may have paid tax as per the old rates, adding to the net loss in property tax collection.

Besides, the MCC seldom conducts random checks on tax forms submitted by tax payers under the SAS to ascertain the veracity of the details furnished, the parishat claimed.

Hence there was no clear picture whether or not citizens were computing tax properly under the SAS.

The authorities were flayed for not introducing IT solutions and computerising the property tax collection system. “Had they digitised the tax preparation, they could have avoided many of the present problems faced by honest tax payers. The MCC could have collected property tax more efficiently,” said the MGP.

Based on national and international benchmarks for property tax, MCC should be able to collect anywhere between Rs. 120 crore to Rs. 300 crores as property tax, it added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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