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Madurai Mayor Resigns Amid Alleged Rs 200-Crore Property Tax Scam
Madurai Mayor and DMK leader Indrani Ponvasanth has resigned from her post amid allegations of a multi-crore property tax scam.
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Bengaluru Citizens Say Won't Pay Tax Over "Poor Infra", DK Shivakumar Responds
Karnataka Deputy Chief Minister DK Shivakumar on Wednesday said the work of filling potholes in Bengaluru is "progressing swiftly", even as a group of citizens threatened to stop paying property tax.
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Probe Agency ED, Income Tax Department To Join Assam Police In Zubeen Garg Case: Report
The Enforcement Directorate (ED) and Income Tax (I-T) Department are likely to join the Assam Police in investigating alleged organised financial crimes and acquisition of benami properties by event manager Shyamkanu Mahanta.
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Bengaluru Users Complain About Shocking Tax Notices Over Parking Space, Civic Body Responds
The incident has sparked criticism over the systems reliability, with many questioning the rushed implementation of the mandatory e-Khata policy.
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In Big Relief For Factory Owners, Delhi Civic Body Simplifies Licensing Rules
Factory owners in Delhi's notified industrial areas will no longer need separate licenses from the MCD, as a new rule will treat their property tax receipt as a valid factory license.
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"Rs 8 Crore For A Borivali Apartment?" Viral Tweet Sparks Debate On Dubai Vs Mumbai
A viral X post comparing past and present Borivali property prices leads to debate, with one user suggesting Dubai as a smarter investment alternative.
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Ex-Tax Officer's Properties Worth Over Rs 7 Crore Attached In 'Disproportionate Assets' Case
The CBI Court on June 2 issued an ad-interim order for the attachment of 14 immovable properties, worth over Rs 7 crore, belonging to the then Additional Commissioner of Income Tax in connection with an alleged Disproportionate Assets (DA) case.
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"Garbage Cess": Bengaluru Residents To Pay New Trash Tax From Today
The Bruhat Bengaluru Mahanagara Palike (BBMP) has implemented a "garbage cess" under which the residents of Bengaluru will have to pay a solid waste management user fee effective from April 1.
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Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
Income tax officials searched the properties of Telugu film producer Dil Raju for a fourth day today. The tax officials suspect a mismatch between revenues earned by some recent movies and the income tax paid, news agency IANS reported.
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Mumbai Hotel Asks Guest To Pay Rs 2500 Plus Taxes For Coffee Stains On Linen, Internet Divided
A viral video on Reddit shows a hotel guest being charged for a linen sheet after spilling coffee on it.
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Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
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Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
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Explained: How New Long Term Capital Gains Tax Options Will Boost Real Estate Market
The government's decision to allow taxpayers to pick between two long-term property transactions has brought cheers to the real estate industry, with experts saying that this move will have a very profound impact on both homeowners and homebuyers.
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Nirmala Sitharaman Proposes Amendments To LTCG Tax On Immovable Properties
Nirmala Sitharaman today said the contentious LTCG tax proposal on real estate is being amended to give option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
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Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
-
Madurai Mayor Resigns Amid Alleged Rs 200-Crore Property Tax Scam
Madurai Mayor and DMK leader Indrani Ponvasanth has resigned from her post amid allegations of a multi-crore property tax scam.
-
Bengaluru Citizens Say Won't Pay Tax Over "Poor Infra", DK Shivakumar Responds
Karnataka Deputy Chief Minister DK Shivakumar on Wednesday said the work of filling potholes in Bengaluru is "progressing swiftly", even as a group of citizens threatened to stop paying property tax.
-
Probe Agency ED, Income Tax Department To Join Assam Police In Zubeen Garg Case: Report
The Enforcement Directorate (ED) and Income Tax (I-T) Department are likely to join the Assam Police in investigating alleged organised financial crimes and acquisition of benami properties by event manager Shyamkanu Mahanta.
-
Bengaluru Users Complain About Shocking Tax Notices Over Parking Space, Civic Body Responds
The incident has sparked criticism over the systems reliability, with many questioning the rushed implementation of the mandatory e-Khata policy.
-
In Big Relief For Factory Owners, Delhi Civic Body Simplifies Licensing Rules
Factory owners in Delhi's notified industrial areas will no longer need separate licenses from the MCD, as a new rule will treat their property tax receipt as a valid factory license.
-
"Rs 8 Crore For A Borivali Apartment?" Viral Tweet Sparks Debate On Dubai Vs Mumbai
A viral X post comparing past and present Borivali property prices leads to debate, with one user suggesting Dubai as a smarter investment alternative.
-
Ex-Tax Officer's Properties Worth Over Rs 7 Crore Attached In 'Disproportionate Assets' Case
The CBI Court on June 2 issued an ad-interim order for the attachment of 14 immovable properties, worth over Rs 7 crore, belonging to the then Additional Commissioner of Income Tax in connection with an alleged Disproportionate Assets (DA) case.
-
"Garbage Cess": Bengaluru Residents To Pay New Trash Tax From Today
The Bruhat Bengaluru Mahanagara Palike (BBMP) has implemented a "garbage cess" under which the residents of Bengaluru will have to pay a solid waste management user fee effective from April 1.
-
Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
Income tax officials searched the properties of Telugu film producer Dil Raju for a fourth day today. The tax officials suspect a mismatch between revenues earned by some recent movies and the income tax paid, news agency IANS reported.
-
Mumbai Hotel Asks Guest To Pay Rs 2500 Plus Taxes For Coffee Stains On Linen, Internet Divided
A viral video on Reddit shows a hotel guest being charged for a linen sheet after spilling coffee on it.
-
Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
-
Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
-
Explained: How New Long Term Capital Gains Tax Options Will Boost Real Estate Market
The government's decision to allow taxpayers to pick between two long-term property transactions has brought cheers to the real estate industry, with experts saying that this move will have a very profound impact on both homeowners and homebuyers.
-
Nirmala Sitharaman Proposes Amendments To LTCG Tax On Immovable Properties
Nirmala Sitharaman today said the contentious LTCG tax proposal on real estate is being amended to give option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
-
Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
