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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT Audit :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: list of goods taxed at 4% :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company
 
 
« General »
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well
 Why salaried class deserves standard deduction
 3 new taxes that Modi government could introduce, but won't
 Tax gains may showcase demonetisation windfall
 Tax exemption for ELSS will help broaden investor base, channel household savings

Property tax: Audits will ensure evasion gets tough
June, 28th 2013

Reeling under a severe financial crisis, the North Delhi Municipal Corporation (NDMC) has decided to hire an independent agency to survey properties to ensure that all properties in the area come under its tax net. The move, which is the first of its kind, aims at augmenting the revenue without increasing the existing tax rate or imposing any new tax. The NDMC will be also issuing a unique property identification code (UPIC) to each property under its jurisdiction.

As per the plan, an agency will be hired by the civic body for conducting a survey of the existing properties, map the buildings and on the basis of its size and other factors, print out a bill on the spot. The corporation will spend Rs 10 crore for surveying the properties under its jurisdiction so that each property can be given an unique property identification code. The provision for this fund has also been made in the budget proposals for the year 2013-14.

GPS-enabled hand-held devices will capture data and transfer it real time to the property tax server at the data centre of the corporation. A senior official said that the agency, along with the survey also allot numbers to properties in unauthorised regularised colonies and urbanised villages. “The Corporation is duty bound to allot numbering of properties and this will be done so that people do not face any difficulty in tracing the address of a particular property,”said the official.

To expedite the process, the corporation had to modify some of the conditions in tender documents. Earlier, the NDMC had invited the bid from agencies having experience of similar work in city having 5 lakh units. From the figures available with the corporation, an estimated 40 lakh properties exist in the Capital. But only 10 lakh properties are assessed for property tax in the absence of proper data. Similarly, there are around 9 lakh properties in North Delhi areas but in only one-third of it, owners pay tax.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 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