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Why not Individual billing of Property Tax

Written on 11 Sep, 2009 at 15:59 in Property Tax | viewed 55 times | 3 Comments

WHY NOT INDIVIDUAL BILLING OF PROPERTY TAX-? …. By SUDHAKAR DOKHANE President PEATA (I) Under the provisions of M.M.C. Act 1888, Municipal Corporation of Gr. Mumbai (MCGM) is authorised to collect property tax for immovable properties. The... (Continue reading)

The Unit Area Method of Property Tax

Written on 2 Sep, 2009 at 17:22 in Property Tax | viewed 57 times | 0 Comments

The Unit Area Method of Property Tax is being implemented from 1st April 2004. This is a historic reform in the administration of property tax laws and is designed to be citizen friendly, transparent, easy to calculate and promote honesty... (Continue reading)

Valuation methodology for Capital Values

Written on 2 Sep, 2009 at 17:21 in Property Tax | viewed 14 times | 0 Comments

Valuation methodology for Capital Values Subjectivity and relevance of valuations of capital need to be in parlance with real appreciations By Ubaid Parkar The 72nd Legislative Assembly Bill states that the Commissioner may fix a capital value by taking into consideration the nature... (Continue reading)

Property Tax on Capital Value System

Written on 2 Sep, 2009 at 17:20 in Property Tax | viewed 78 times | 4 Comments

Property Tax on Capital Value System By Santosh Kumar & Sunit Gupta Authors of the Stamp Duty Ready Reckoner & Market Value of Flats in Mumbai. In order to understand the proposed property tax on capital value system, it is pertinent to first... (Continue reading)

Old System of Property Tax in BMC limit

Written on 2 Sep, 2009 at 17:19 in Property Tax | viewed 54 times | 5 Comments

Old System of Property Tax in BMC limit Assessment Tax is a revenue earned by Civic authority for the services being rendered to public viz. water, sewerage, education, streets etc., which is based on Ratable Value decided by the assessment department.... (Continue reading)

Background paper on Property Tax

Written on 2 Sep, 2009 at 17:18 in Property Tax | viewed 25 times | 1 Comment

Background paper on Property Tax in urban areas by govt. of Maharashtra The sources of Revenue for the urban local bodies in Maharashtra are income from taxes collected by the local body, grants from Govt. and other sources of income which... (Continue reading)

Assessment Book

Written on 1 Sep, 2009 at 18:01 in Property Tax | viewed 0 times | 0 Comments

Assessment Book All the urban local bodies Acts in India provide that each of them shall maintain a register called Assessment Book. However, the type and the extent of entries that are provided therein may vary from Act to Act, but... (Continue reading)

Can licence fee be equated with hypothetical rent

Written on 24 Aug, 2009 at 16:54 in Property Tax | viewed 1 times | 0 Comments

Can licence fee be equated with hypothetical rent for fixing rateable value under Sec. 154 of B.M.C. Act By S.B.Rathore., Advocate High Court Every property owner has normally right to enjoy this property to the exclusion of others. If we need and... (Continue reading)

Repair Permissions

Written on 24 Aug, 2009 at 16:36 in Property Tax | viewed 57 times | 0 Comments

Article IX REPAIR PERMISSIONS (M.C.G.M. Jurisdiction) BY: SUDHAKAR DOKHANE (Past President PEATA (I) In earlier two chapters, the information on i) Why Building deteriorates and become weak and ii) Maintenance of Structures with Do’s & Dont’s, is provided. It is... (Continue reading)

Assessment of Property & Tax

Written on 24 Aug, 2009 at 16:30 in Property Tax | viewed 22 times | 0 Comments

Article XII ASSESSMENT OF PROPERTY & TAXES (Guide Lines of Municipal Corporation of Gr. Mumbai) BY: SUDHAKAR DOKHANE (Past President PEATA (I) Assessment Tax is a revenue earned by Civic authority for the services being rendered to public viz. water,... (Continue reading)

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