Tag: tax payment

Soon Cyberabad Neighbours Have to Pay Higher Taxes

People residing in Cyberabad neighbours Nizampet, Shamshabad, Pragathinagar, Bachupalli and other areas soon have to pay higher taxes. The Ranga Reddy district administration has prepared a draft for upgradation of these gram panchayats into nagar panchayats and municipalities. Property tax…

Only 2.77% of Indians Pay Income Tax

01 Sep 11: According to the Ministry of Finance, of the total Indian population of 1.21 billion, only 2.77 percent or 3,35,79,831 (33.57 million) people have paid the personal tax, as on March 2011. But it is seen that the…

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…

GHMC to Add 40 Trades to Tax

Greater Hyderabad Municipal Corporation (GHMC) conducted a meeting to discuss the draft budget estimates for 2011-12 and to revise estimates for 2010-11. A proposal was made to add 40 new trades such as hotels, coffee shops, private swimming pools and…

Tax Payment Options Made Easy for Businessmen

Some of the businessmen gave complaints to the chief Minister about tax official’s corruption and unnecessary interface. To make work easy for traders, certain administrative reforms are initiated in the commercial tax department. Businessmen will be allowed by the new…

Now Filing VAT Returns Will Be Cheap

The filing of the Value-Added Tax (VAT) returns at e-seva centres will be cheaper now. The commercial taxes decided to charge only Rs.10/- from each VAT dealer instead of Rs.50/- which is being collected now. On 7th May, Mr. Asutosh…

Five Years Of VAT Introduction: Observes Mixed Results

After five years of introduction of Value Added Tax (VAT) in the State, the mixed results are being observed. The government earned the huge revenue in absolute terms but the growth rate on yearly basis was the lowest during the…

GHMC Decides to Collect Tax for Sign Boards

The Greater Hyderabad Municipal Corporation (GHMC) decided to collect advertisement tax under another section of the GHMC Act. The decision will affect nearly eight lakh businesses, along with petty and small traders. GHMC took this decision against the high court’s…