Taxation

Traders evading LBT worth Rs 4.5 crore caught

Thursday, 28 November 2013 09:06 administrator

The Times of India 28.11.2013

Traders evading LBT worth Rs 4.5 crore caught

PUNE: The local body tax (LBT) department caught as many as 16 traders for evasion on goods worth Rs 4.5 crore during the week-long raids.

"Action was taken against the traders evading the tax. It will go on till March in phases," said Rajendra Jagtap, additional commissioner of PMC, on Tuesday. The administration has sought the state's permission to carry out raids against LBT defaulters, who are not paying heed to the notices of LBT payment. The drive was started on November 20.

Vilas Kanade, head of LBT department, said the raids were conducted across the city. Traders including garment, liquor and small-scale industries were targeted. Traders who have not registered will have to pay five times their LBT charge, while the traders who have registered, but have not paid the tax will need to pay two times the charges.

"LBT of around Rs 18 lakh is expected from this drive. Notices were issued to these traders but they did not pay," said Kanade.

Panel visits tech parks over tax dues

Thursday, 28 November 2013 07:04 administrator

Deccan Herald 28.11.2013

Panel visits tech parks over tax dues

Members of the BBMP Standing Committee for Taxation and Finance led by its chairperson M S Shivaprasad visited two tech parks in the Mahadevapura division on Wednesday.

The members said that despite issuing three notices to Brindavan Tech Park, now owned by Embassy Group, and Wipro, the building owners have failed to pay the full property tax to the Palike.

“Both the buildings have paid only a part of the property tax. While Brindavan has to pay a total of Rs 28 crore, Wipro needs to pay Rs 16.5 crore,” said Shivaprasad.

The head of the Embassy Group Rajeev told the members that the pending tax would be paid to the Palike very soon. However, Wipro was adamant on not paying up the dues, Shivaprasad said. He warned that the BBMP will be compelled to take legal action against Wipro, if they do not clear the dues. Their building was constructed in 2008 and is spread over 32 acres,” Shivaprasad told Deccan Herald.

NMC gets Rs 25cr collected for LBT in stamp duty

Wednesday, 27 November 2013 11:41 administrator

The Times of India 27.11.2013

NMC gets Rs 25cr collected for LBT in stamp duty

NAGPUR: The Nagpur Municipal Corporation (NMC) heaved a sigh of relief when the state government sanctioned Rs25.49 crore, recovered from stamp duty, for the civic body. Citing NMC's weak financial condition, municipal commissioner Shyam Wardhane has managed to get the amount, which is supposed to be released only at the end of the financial year.

The government increased stamp duty by 1% with effect from April 1 to implement local body tax (LBT) in the city. The department of registration and stamps also collects stamp duty for other agencies. The government releases the amount to concerned agencies at the end of the fiscal. Fortunately for the civic body, a government notification on November 25 released the amount immediately.

Assistant commissioner Mahesh Dhamecha said revenue from LBT increased to Rs202.50 crore after adding stamp duty. "Wardhane managed to explain to the government the need for funds. The civic chief personally pursued the matter at Mantralaya and got the sanction. Revenue from LBT, including transit, was Rs168 crore till November 25. Revenue from stamp duty was Rs34.50 crore as on October 31. Revenue from octroi was Rs304 crore in last fiscal as against LBT's Rs202.50 crore," he said.

Last date for house tax extended

Tuesday, 26 November 2013 11:44 administrator

The Pioneer 26.11.2013

Last date for house tax extended

The house tax committee of Municipal Corporation of Chandigarh on Monday extended the last date of house tax till March 31, next year.

Earlier, the last date of submission of house tax was December 15. The decision was taken by the members of committee during a meeting with the Chairman of House tax committee Babulal.

Meanwhile members also discussed and decided that the deposit form for residential property tax should also be simplified as people are finding it hard to understand the form. The committee members were of the view that the residential property tax should be based on allotment letter.

MC wing rejects property tax hike proposal

Tuesday, 26 November 2013 11:10 administrator

The Times of India 26.11.2013

MC wing rejects property tax hike proposal

CHANDIGARH: The house tax sub-committee of the Chandigarh municipal corporation on Monday rejected the proposal of the tax branch of the civic body to revise the amount of the property tax of commercial, industrial and institutional properties of the city. The committee unanimously asked the department to first recover the pending amount and sought removal of anomalies in tax collection system, instead of enhancing the tax. The committee members also gave proposal to enhance the date of filing the residential tax amount under self assessment scheme (SAS) from two to five months to escape any kind of penalty or other additional charges.

While discussing the issue to revise the existing tax amounts of commercial properties, member of the committee said there should be proper computerization of the account wing, which presently was lacking.

"It is very surprising that account wing of the MC is not properly equipped and even they don't have proper records to pendency and filing of taxes. Therefore, we have asked to first change the manual system of account wing into computerization. We unanimously rejected the agenda pertaining to revise the property tax on commercial properties of the city," said MP Kohli, committee member. The members asked the accounts wing to make the tax filling forms in the residential properties simpler instead of asking public to fill tricky information. "We had just asked to take the information regarding the name, area and plot size of the person concerned, but the forms are too tricky to understand. Therefore, we have asked to remove all such information," said a member of the committee.

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