With the deadline for filing property tax returns (PTR) only a day away, property owners eager to avail the early payment rebate of 15% queued up from 9am various MCD tax collection centres in the city. Despite the option of filing returns online, many still opted to submit the PTR forms manually. Some said they found the online procedure slow.
At the Lajpat Nagar centre, the queue was particularly long. Said Kavita Sharma, a resident of Sarita Vihar, I don’t have much faith on online transactions. We get a receipt immediately this way.
Another taxpayer, K P Singh, added,"The online servers are not working properly and filing online is more expensive since we have to pay an additional Rs 50. I’m paying my taxes now because I did not find the time earlier.'’ Some also said that despite filing their returns last year, the payment hadn’t been updated online and still showed as arrears."I filed my returns by going to the centre. But this year, when I tried to pay it online, it showed as arrears. Why should I pay the tax twice?'’ asked a tax payer who did not want to be named.
More : timesofindia.indiatimes.com
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WITH THE increase in nuclear families, migration of people from other cities, better incomes and standards of living, the rates of property in Delhi have seen a huge rise. The desire to build ones own home and the availability of loans on easy Equated Monthly Installments (EMIs) have led citizens to buy property even at a higher price. Due to this, the business of real estate has witnessed a huge boom and property dealers are smiling their way to banks. Delhi is a hub of people from all corners of India. The city is bubbling with people who want to
If you paid your property tax last financial year, you do not need to fill out the form again this year. All you need to do is fill in the much simpler statement-cum-declaration form, saying that the assessed amount will remain the same.
Unfortunately, it is unlikely that these new forms will be out before June 30 — the last day to claim a 15 per cent rebate on the tax amount.
Senior property tax officials say the new Saral form, which can be downloaded at mcdonline.gov.in, is a comprehensive form, that asks for details that last year’s form does
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Billionaire Cyrus Vandrevala, an equity investor, was one of only two people to buy a £10m-plus London property in December last year as the recession hurt ultra-high net worth buyers.
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If you go to a property broker as a buyer, hell quote high. But havent prices fallen? Nah, hell say, only marginally. Go to him as a seller and hell tell you its a depressed market and quote a ridiculously low price. So, which is true?
A bit of both, actually. Property prices are down but havent really crashed. Not yet and not at least in metros such as Delhi and Mumbai. But new properties on a citys periphery are going relatively cheap — often by as much as 25-30% than the asking rate three months ago.
Developers are throwing
The mega scandal in the allotment of 5,000 houses by the Delhi Development
Authority (DDA) has many other dimensions which need to be
urgently addressed.
Corruption is just one aspect of the scam which the police is now investigating. The investigators are looking at the details of the audacious attempt made by some property dealers who, in collusion with present and ex-DDA employees, tried to allot flats to a large number of fictitious applicants. The idea was to corner the properties and sell them at a big premium which the market would have offered. The DDA is known to be
