The Smart City initiative of the Central Government aims at improving the quality of urbanization in 100 cities of India. Smart cities will receive funding to enhance their core infrastructure like water, power, sanitation, transport, housing and digital connectivity. Each Smart city is proposed central funds of Rs. 500 crore, state funding of about Rs. […]
Brihanmumbai Municipal Corporation Archive
October 29, 2015 6:00 pm
According to CBEC, Title transfers of immovable properties are not taxable
In case of flat sales, the title transfer of immovable property with an issuance of an occupancy certificate will be exempted from any kind of service tax, on Monday the finance ministry stated. It was long time issue in the real estate domain and to resolve this long standing issue which is directly related to the […]
October 28, 2015 6:00 pm
Service tax exemption for title transfer of immovable property
When it comes to sale of flats or transfer of title of immovable property, so now onwards after the issuance of occupancy certificate there will be no need to pay the service tax, as per latest guidelines of Finance Ministry of India. On Monday, CBEC (The Central Board of Excise and Customs) issued the clarification […]
September 25, 2015 10:00 am
A complete guide to BMC Property Tax payment (2015)
As per a new resolution of the BMC’s standing committee, property owners in Mumbai will have to pay an average increase of 14.52% as property tax from April this year. However, owners of flats that measure less than 500 sq ft will not pay the increase as they have been granted relief by the Chief […]
June 5, 2015 10:00 am
With new rules, BMC gain 15 per cent profit in property tax collection
After implementing new rules and modifying old rules, BMC estimates that it will gain 15 per cent profit in property tax collection which will be approx Rs 4,400 crore. The cash rich Brihanmumbai Municipal Corporation is excepting that for the years 2015, it will gain 15 per cent gain or profit in property tax in […]
October 15, 2014 12:30 am
New property tax system of BMC, is gain for Chembur and Andheri
Now residents of Chembur and Andheri East can look forward because of revised property tax system of the BMC (Brihanmumbai Municipal Corporation). Some other localities in Mumbai such as; Goregaon East, Malad West, Andheri West and Kandivali East are in the other areas, which are getting benefit because of revised property tax system. Availability of […]