Tag: tax collection

GHMC Appointed as the New Authority to Collect Professional Tax

The Andhra Pradesh state government has given permission to Greater Hyderabad Municipal Corporation (GHMC) to take charge of collecting professional tax within the city limits. According to the sources, till now, the collection of professional tax was being done by…

GHMC Decided Not to Hike Property Tax

22 April 2011: In spite of the govt. ordering the GHMC to hike property tax for the current financial year, the GHMC had decided to not to burden the regular tax payers with the hike. Instead it has opted to…

State Constitutes New Property Tax Board

28 March 2011: The State governments are required to fulfill 9 conditions to get performance based grants from the 13th Finance Commission for the next four years. Therefore, the AP government had setup AP State Property Tax Board (APSPTB) to…

State Government Waives off Interest on Property Tax Arrears

26 March 2011: The interest on commercial property tax arrears of the previous years, till 2010-2011, under the Greater Hyderabad, Greater Visakhapatnam and Greater Vijayawada zones are waived off by state government. But this waiver can be obtained only if…

Commercial Properties to Face Increased Tax Rates

22 March 2011: From this financial year starting April 1, the tax rates of commercial properties are going to be doubled. With this increase, it is estimated that the GHMC would be able to make a profit of Rs.40 crore…