rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.
AIADMK general secretary Edappadi K Palaniswami has announced a series of welfare measures, including free refrigerators for rice ration cardholders, if the party wins the 2026 Assembly election in Tamil Nadu.
This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.
BJP state president Rajeev Chandrasekhar, contesting from Nemom, Kerala, declares assets exceeding 93 crore, including movable and immovable properties, ahead of the upcoming Assembly elections.
The SIT investigating self-styled godman Ashok Kharat, who faces multiple rape accusations, has made significant breakthroughs.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Maharashtra government sanctioned over Rs 1 crore for development works at a temple linked to Ashok Kharat, a self-styled godman accused of rape, in 2018. The funds were approved under the regional tourism development scheme. Kharat was arrested on March 18 after being accused of repeated rape.
Escalating geopolitical tensions in West Asia are prompting investors with exposure to Dubai's real estate market to reassess their portfolios. And, in this rejig, India is emerging as a stable destination for capital investment and long-term growth.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
The Delhi High Court quashed income tax notices issued to NDTV founders Prannoy Roy and Radhika Roy, citing arbitrary proceedings and ordering the department to pay costs.
A Pune-based businessman has accused self-styled godman Ashok Kharat of defrauding him of Rs 6 crore (600,000) under the guise of helping him establish a logistics business abroad. This is the eighth case registered against Kharat, who is already in police custody on separate charges.
Dubai's core promise -- that it is an oasis untouched by regional storms -- has been tested in full public view. The coming months will show whether investors view the attacks as a short-lived disruption or a deeper signal of lasting risk, points out Asif Ullah Khan.
Quoting an incorrect PAN during property registration can invite penalties and prosecution.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The Nationalist Congress Party, led by Maharashtra Deputy Chief Minister Ajit Pawar, and the Nationalist Congress Party-Sharadchandra Pawar, headed by his uncle Sharad Pawar, on Saturday released a joint manifesto for the upcoming elections to the Pune municipal corporation.
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'
The headquarters of the South Eastern Railway, Calcutta Improvement Trust and Calcutta Telephones in the metropolis have been identified by the Kolkata Municipal Corporation as among the 500 defaulting property tax payers over the past 4 to 5 years.
Greater Chennai Corporation said the actor paid Rs 6,56,000 towards property tax for his marriage hall at Kodambakkam. The Rs 6 lakh plus tax for 2020-21 first half year includes 'late pay penalty' of Rs 9,386, the civic body said, adding it was paid by way of a cheque.
Platform-style partnerships between global investors and Indian developers are expected to gain further traction over the next few years. This comes as institutional capital increasingly shifts from one-off asset acquisitions to scalable, long-term strategies.
Despite forging an alliance with the faction led by his uncle, Nationalist Congress Party chief and Maharashtra deputy Chief Minister Ajit Pawar on Friday failed to protect the party's traditional bastions of Pune and neighbouring Pimpri-Chinchwad, as the Bharatiya Janata Party decimated both the NCPs in the municipal corporation elections.
Real estate firm Godrej Properties' profit (attributable to the equity holders of the parent) for the second quarter of FY26 grew 21 per cent year-on-year (YoY) to Rs 405.1 crore, beating analysts' estimates. The Bloomberg analysts' poll had pegged the profit at around Rs 349.4 crore.
The Bill will become a law once the legislative council gives its nod to it, which is expected on Monday. An obvious fallout of the new law would be that it would increase the property tax bill for those who live in the island city and reduce the burden on those who live in the suburbs. However, those whose tenements are less than 500 sq ft will continue to pay the tax at the present rate.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
In response, the New York Stock Exchange-listed firm said it has paid the tax and has sought a meeting with Bruhat Bangalore Mahanagara Palike for a discussion on the issue and has a 'strong enough' case in defence.
Shiv Sena (UBT) and MNS release a joint manifesto for Mumbai civic polls, promising free power, allowances for domestic helps, and property tax waivers.
If you live in Delhi, the last date to pay your property tax is October 31.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
India is likely to appeal against the decision of a US court upholding imposition of $ 42.4 million property tax on it by the city for using the United Nations Mission's building in New York for residential purposes.India has been arguing that tax cannot be levied as the diplomatic staff, which occupies the 20 floors of building in midtown Manhattan across the United Nations headquarters, is exempt from tax.
'People become guided by emotions, fear of missing out, and greed. They tend to invest in booming sectors that may prove exceptionally expensive.' 'Typically, that represents the peak, and subsequently, they lose substantially.'
Maharashtra Government has decided to impose capital value-based system to calculate property tax on buildings, lands, houses and establishments across the state.
The Brihanmumbai Municipal Corporation (BMC) has decided to impose property tax on commercial establishments operating in slum areas and is also considering the levy of a Solid Waste Management (SWM) user charge in the future. The civic body is expecting to collect a total of Rs 5,200 crore in property tax during the next financial year. The BMC intends to levy an SWM charge on Mumbaikars in a phased manner though it would not be levied in FY 2025-26.
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