Gurgaon residents refuse to pay property tax until MCG takes over services from private builders. Court hearing scheduled for December 2nd.
The Mumbai property association is challenging the revised property tax calculation method, seeking a fair resolution that considers property owners' financial capacity.
The Haryana Government's special panel has approved the municipal corporation in Gurgaon to resume property tax collection, following a suspension due to billing errors.
West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.
Bangalore's e-payment of property tax system faces criticism as many residents lack access, forcing them to visit tax offices despite promises of convenience.
BMC extends property tax deadline by three months in Mumbai. Citizens protested against the new capital value-based system, citing high tax burdens and the inclusion of dues from previous years.
A proposed 1% TDS on homes exceeding Rs. 50 lakh, outlined in Budget 2013, is set to take effect in June, potentially impacting luxury housing sales.
Mumbai residents protest BMC's new property tax policy based on capital value, citing disparities and demanding a return to the old system.
Maharashtra government introduces e-payment of stamp duty for property transactions exceeding ₹5000, streamlining the process and enhancing security. The initiative begins in Mumbai and Pune.
Budget 2013 is anticipated to favor home buyers, with potential provisions for affordable housing. Realty players seek tax exemptions and lower interest rates.
Maharashtra High Court orders real estate builders to pay 5% VAT by October 31, but many developers are pressuring buyers to pay due to lack of proper records.
CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.
Delhi Municipal Corporation plans to increase property tax rates following the Delhi government's circle rate hike. Experts predict a potential 2:1 ratio of impact, implying a 100% property tax increase for a 200% circle rate rise. However, the tax revision might be less substantial in areas with smaller circle rate increases.
ITAT ruling prevents taxation on builder payments for redevelopment in Mumbai, benefiting 35,000+ buildings and offering clarity on taxation in such cases.
Exploring real estate as a safe and high-yielding investment option, considering factors like property type, legalities, and taxation.
Delhi's Municipal Corporation opens 800 new property tax collection windows, enabling online payments and receipt collections for citizens, improving convenience and accessibility.