Latest Expert Exchange Queries

Make 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) | 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: TDS :: due date for vat payment :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT RATES :: empanelment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd
 
 
General »
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes
 Advance tax given by individuals in June quarter rises more than 40%

UT Admn imposes house tax
July, 28th 2015

Finally, the UT Administration today imposed house tax on residential properties in the city. As the Municipal Corporation was not ready to impose house tax due to “political pressure”, the Administration issued a notification on house tax by exercising its special powers.

With the notification, the UT Administration has hiked the house tax rates by over 15 times the tax amount imposed in 2013. The new house tax rates are almost on a par with those in Punjab and Haryana.

The notification reads, “The Administrator of the Union Territory of Chandigarh, in exercise of the powers conferred under Sub-Section (5) of Section 90 of the Punjab Municipal Corporation Act, 1976, as extended to the Union Territory, Chandigarh, by the Punjab Municipal Corporation Law (Extension to Chandigarh) Act, 1994, ordered that the MC shall impose property tax on residential land and buildings under the provisions of Section 90 (1) (a) of the Act falling within its limits commencing from the assessment year 2015-16 except for any residential house/flat having an area less than 500 sq ft”.

A senior UT official said residential houses situated in colonies and villages under the municipal limits will be exempted from house tax. Even government land and buildings are exempted from making payment of tax, but such land and buildings are liable to make payment of service charges at the rate of 75 per cent of the tax calculated in their respective zones.

At a House meeting on July 22, the Chandigarh Municipal Corporation had proposed the house tax model adopted by Punjab and Haryana. MC officials had circulated the agenda during the MC House meeting. However, the agenda could not be taken up.

At present, city residents do not pay house tax.

For the previous financial year (2014-15), no notification was issued for house tax on residential properties. In July 2013, the UT Administration had notified the imposition of house tax in the city. However, it was only for 2013-14. The tax on residential properties was imposed at the rate of Re 1 per sq yard per annum only for 2013-14. At a recent meeting between officials of the UT Administration and the MC, the UT officials had conveyed to the civic body that under the Smart City Mission, they needed to impose house tax on residential properties.

Recently, UT Administrator Kaptan Singh Solanki and UT Adviser Vijay Kumar Dev had suggested to impose house tax on city residents.
Paid parking system

In 2003, when the MC was not ready to impose the paid parking system in the city, the UT Administration had exercised its special powers and had imposed the paid parking system in the city.

Relief for societies
Against the earlier house tax rates of Rs 1 per sq yard on the total area of a society, this time residents of societies will only have to pay a house tax of Rs 0.75 per sq ft on the covered area. Society flats are located in Sectors 48, 49 and 50.

Mayor calls councillors’ meeting

The Mayor has now called a special meeting of all councillors (elected and nominated) at the MC committee room on Tuesday at 10.30 am in connection with the UT decision to impose house tax.
Rates of tax on houses/flats
Zone I

Area: Sectors 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 18, 19, 26, 27 and 28.
House tax rates: Rs 2/sq yard on the entire plot area plus Rs 1/sq ft on the total covered area of all floors.
Zone II

Area: Sectors 20, 21, 22, 23, 24, 25, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 38 (West), Modern Housing Complex, Mani Majra, Shivalik Enclave, Mani Majra, Industrial Area, Phase I and Phase II, and all SCFs situated within the municipal limits.
House tax rates: Rs 1.60 per sq yard on the entire plot area plus Rs 0.80 per sq ft on the total covered area of all floors.
Zone III

Area: Sectors 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 61, 63 and others.
House tax rates: Rs 1.20 per sq yard on the entire plot area plus Rs 0.60 per sq ft on the total covered area of all floors.
Example for Zone I

Plot area: 500 sq yards

Rate per sq yard: Rs 2

Amount of tax on the entire plot: 500 x 2: Rs 1,000
Floor area ratio (FAR): 1.50
Built-up area as per FAR = 500 x 9 x 1.50 = 6,750 sq ft
Ground floor 2,250 sq ft
First floor 2,250 sq ft
Second floor 2,250 sq ft
Tax on the total covered area:
6,750X1= Rs 6,750
Total tax amount:
(Rs 1,000+Rs 6,750) = Rs 7,750
Basement, if any covered area x rate
Note: 1 sq yard is equal to 9 sq ft
Example for Zone II

Plot area: 500 sq yards
Rate per sq yard: Rs 1.60
Amount of tax on the entire plot: 500 x 1.60: Rs 800
Floor area ratio (FAR): 1.50
Built-up area as per FAR = 500 x 9 x 1.50 = 6,750 sq ft
Ground floor 2,250 sq ft
First floor 2,250 sq ft
Second floor 2,250 sq ft
Tax on the total covered area: 6,750X0.80= Rs 5,400
Total tax amount:
(Rs 800+ Rs 5,400) = Rs 6,200
Basement, if any = covered area x rate
Note: 1 sq yard is equal to 9 sq ft

Example for Zone III

Plot area: 500 sq yards
Rate per sq yard: Rs 1.20
Amount of tax on the entire plot: 500 x 1.20: Rs 600
Floor area ratio (FAR): 1.50
Built-up area as per FAR
500 x 9 x 1.50 = 6,750 sq ft
Ground floor 2,250 sq ft
First floor 2,250 sq ft
Second floor 2,250 sq ft
Tax on the total covered area: 6,750X0.60= Rs 4,050
Total tax amount:
(Rs 600+Rs 4,050) = Rs 4,650
Basement, if any = covered area x rate
Note: 1 sq yard is equal to 9 sq ft
MIG flat in Sector 44-D
Covered area 801.65 sq ft
Rate per sq ft Rs 0.75
Tax amount (801.65X0.75)= Rs 601.24
HIG flat in Sector 38 West
Covered area 2,046 sq ft
Rate per sq ft Rs 0.75
Tax amount (2,046X0.75)= Rs 1,534.5
CHB flats, cooperative house building societies and other residential flats (excluding SCFs) having a total covered area of 500 sq ft and above and falling within the MC limits (irrespective of zones); Rs 0.75 per sq ft per annum of the total covered area.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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