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BANGALORE PROPERTY TAX
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- Can bonds replace rental income? The ₹40,000 monthly cash flow mathIndian investors traditionally favor rental income for passive earnings, but rising property prices and modest yields are prompting a shift...
- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- Bengaluru: 24,000 homes found evading Rs 688 crore property tax, here's what happens nextThe Greater Bengaluru Authority has uncovered Rs 688 crore in property tax evasion across over 23,000 properties through GPS-based surveys....
- Senior citizen built home on Rs 22 lakh plot, sold for Rs 8 crore, got income tax notice; he fights and wins tax battle at ITATA senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a Bengaluru propert...
- Husband has to pay income tax for wife’s Rs 17-crore land sale deal due to this reason; ITAT Bangalore ruling explainedIn a recent ruling, the Income Tax Appellate Tribunal (ITAT) Bangalore held that a wife is exempt from income tax on the ₹17.26 crore sale ...
- Online Tax Payment: BDA website shows it’s insecure, puts off citizensThis has baffled citizens as the BDA is a premier government regulatory body in India’s tech capital of Bengaluru. It also accepts payment ...
- Karnataka may soon announce relief as industries find property taxes steepIn the case of electricity bills, commercial consumers attract the highest tariff while industrial units pay a lower tariff. The government...
- Experts hail BBMP proposal to waive cess on bulk wasteThe BBMP collects about Rs 55 crore a year from SWM cess, calculated on the basis of the area of a property, i.e on the amount of property ...
- I-T department stakes first claim to Kingfisher Airlines' assetsThe sources feel production may be started on December 28 to coincide with Reliance empire founder Dhirubhai Ambani’s birthday.
- Wipro says it’s won interim relief in property tax rowThe court order comes 4 days after officials from BBMP visited Wipro campus in Sarjapur seeking Rs 16.47 crore in property taxes.
- Realtor body against Budget proposal of 1% TDS on property dealsCREDAI has sought withdrawal of Budget proposal to levy 1% tax deducted at source on any property deal other than agriculture land.
- How Jawaharlal Nehru National Urban Renewal Mission will make Indian cities liveable againIndian cities are known more for being urban sprawls than for their civic management. However, some cities give us a glimmer of hope.
- One fourth office space lies vacant mainly in IT sectorAt least a fourth of office space lies vacant across the country, with supply exceeding demand, especially, in the IT sector over the past ...
- IT biggies among 558 property tax defaultersBruhat Bangalore Mahanagara Palike has put 558 property defaulters, including some IT majors, who owe tax in excess of Rs 1 lakh, on notice.
- CAG exposes BBMP's property tax & cash management deficienciesInstances of incorrect declaration of properties and their usage pattern led to short payment of property tax of Rs 207.35 crore, said CAG.
- New method for calculating property tax shelvedThe cabinet also decided to temporarily return to an older method of calculating property tax, shelving until December the unpopular capita...
- Karnataka government to set up separate cell for infrastructure developmentKarnataka Government would set up a separate cell to focus attention on the infrastructure development of Bangalore, and issues relating to...
- HUL keeps Brookefields for bigger playIn a bid to rake in big-time moolah on its properties, HUL has shelved plans to sell its palatial 28-acre Brookefields land in Bangalore.Se...
- Tax concessions from a vacant houseRising rates and EMIs apart, there are ways to leverage tax concessions on house properties lying vacant. Going for a home loan? Be cautiou...
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