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: due date for vat payment :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: cpt :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes
 GST Update On Issuance Of Debit Notes And Credit Notes
 How Mutual Fund Investments Can Help Save Income Tax
 Income tax returns (ITR) filing: Why small service providers need to get this benefit
 How NRIs can avoid tax troubles

New tax rates for PG homes may come into effect next fiscal
July, 30th 2014

The cash-strapped Bruhat Bangalore Mahanagara Palike (BBMP) may have to wait till the next fiscal to collect property tax at commercial rates from paying guest (PG) accommodations in the city.

This issue will be placed before the BBMP council on Wednesday. BBMP sources said the civic body could not implement the proposed new rates now (three months into this financial year). “Many owners of PG accommodations would have already paid property tax to the BBMP. Thus, we have proposed to levy it from April 1, 2015,” sources said. More than Rs. 60 crore is expected from this source alone.

The city has several PG accommodations that continue to pay property tax under residential rates under the SAS. Several councillors had maintained that PG accommodations and serviced apartments were making profits, while paying meagre tax to the BBMP. In November last year, the BBMP council had approved the decision to levy commercial rates on PG accommodations and serviced apartments that had more than 12-bed capacity. The council had also approved the move to classify them as tenanted accommodations.

Following this, the BBMP issued a notification on February 3, 2014 and invited objections from citizens. But the final notification was not issued as the poll code was in place ahead of the Lok Sabha elections.

Yediyur councillor N.R. Ramesh had claimed there were over 8,000 PG accommodations, while the BBMP’s revenue records showed only 272. He said the BBMP was collecting only Rs. 31.17 lakh a year from registered PG accommodations, and added if commercial rates were levied, the BBMP could collect more than Rs. 60 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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