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Secunderabad Cantonment Board to Take Action against Property Tax Defaulters

By correspondent

The Secunderabad Cantonment Board (SCB) is going to serve ‘form of warrant’ on property owners who have not paid the arrears pending against them. If they fail to comply, SCB is going to seize their property. There are nearly 40,000 properties (with arrears for 2013-14 and December 2013). The owners of these properties have... »

Hyderabad City Taxes Moving Out to Outskirts, Thanks to Our Predatory Elites

By correspondent

Where are Hyderabad taxes going? Living in city centre are we paying taxes for the development of the outskirts? Why is it that out taxes are not at work? Who to blame? Well, they are the predatory elites, the so called VIPs and VVIPs of our city that include corrupt politicians, bureaucrats, socialites and... »

State Government Hikes VAT by 1% on Essential Commodities

By HIOC Team

13 Sep 11: The state government has increased the primary VAT (Value Added Tax) slab on essential commodities by 1%. Due to this hike all the goods coming under Schedule IV will have to pay 5% tax as against the previous tax rate of 4%. Under this group there are over 124 categories of... »

Now Check Your Tax Credit Details Online Through ‘FORM 26AS’

By HIOC Team

23 May 2011: The Income Tax Department has launched an online service called ‘Form 26AS’, exclusively for the tax payers to view the tax credit statement online and check your income tax credit status regularly. All the tax payers are required to make use of this Form 26AS effectively by checking it regularly and... »

State Government Waives off Interest on Property Tax Arrears

By HIOC Team

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 the tax arrears are paid in in lump sum before March 31. The already... »

Commercial Properties to Face Increased Tax Rates

By HIOC Team

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 by the next year. With the present financial year coming to end, the GHMC... »

GHMC to Add 40 Trades to Tax

By HIOC Team

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 more for trade licenses and tax payment. They also made a plan to increase... »

Tax Payment Options Made Easy for Businessmen

By HIOC Team

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 initiatives to operate their business with out visiting tax offices. Everything from filing sales... »

Higher Taxes to Limit Alcohol Consumption

By correspondent

India is now going to rise the taxes and wants to tighten the market regulations against the alcoholic products. As the abuse of alcohol is being increased, an accepted decision has been taken against the abuse of alcohol, by the 193 member states of the World Health Organization at world Health assembly. Every year... »

Dining Out May Become Expensive Due To Hike In VAT

By correspondent

Dining out is expected to become more expensive, because the state government increased the value-added tax (VAT) by two per cent on food items delivered in hotels and restaurants which have annual turnover of more than Rs 1.5 crore. As the hike in VAT is implemented immediately, all the hotels having three star rating... »

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