Hooda announces major relief in property tax
Mar 01, 2014
Source : The Times of India

 

HARYANA: Ahead of the Lok Sabha polls, the Haryana government has announced a major relief in the payments of property tax in municipalities. Presiding over the State Cabinet meeting on Wednesday, Chief Minister Bhupinder Singh Hooda announced one time rebate of 30 per cent for property owners who clear all their dues or arrears upto year 2012-13 by March 31, 2014.

However, mobile phones costing above Rs 10,000 would be more expensive, with the Cabinet deciding to increase value-added tax (VAT) to eight per cent from five per cent at present.

The government has also announced a rebate of 10 per cent admissible to assesses, who pay their total tax for the assessment year by July 31 of that assessment year, a statement said. For the year 2013-14, the concession of 10 per cent would be admissible to those assesses who deposit their dues by March 31, 2014.

Hooda said 100 per cent rebate would be given till March 31, 2016 to properties situated in 'Lal Dora' (land which is part of the village habitation) of those villages, which have come in the limits of the municipalities on or after April 1, 2010.

The chief minister also announced 50 per cent cut on property tax on petrol pumps. Similarly, 50 per cent rebate in commercial space rate has also been given to information technology park, cyber city or parks of all municipalities.

The flats constructed over an area of 2,000 square feet would also get 50 per cent cut in property tax. This will benefit about 80 per cent flat owners in the state.

The Cabinet also approved to reduce the VAT rates on scientific instruments under the Haryana Value Added Tax Act, 2003. The scientific instrument industry of Ambala has been demanding for the reduction of the VAT on equipments to 5 per cent from 12.5 per cent at present.

 

 

 

 

 

Latest Realty News

Haryana announces major relief in property tax
Feb 28, 2014
CHANDIGARH: Chief minister Bhupinder Singh Hooda, while presiding over the State cabinet meeting, yesterday announced one time rebate of 30 per cent for those property owners who clear all their dues or arrears upto year 2012-13 by March 31, 2014.
NCR Planning Board meet called over Haryana plan
Feb 27, 2014
DELHI: The NCR Planning Board will meet on March 6 to discuss, among other things, an approval of Haryana’s crucial sub-regional plan.
50% cut in property tax for flat owners in Haryana
Feb 27, 2014
CHANDIGARH: Ahead of the Lok Sabha elections, the Haryana government on Wednesday announced 50% cut in property tax for owners of flats up to 2000sqft.
Haryana opens commercial zones for housing
Jan 09, 2014
GURGAON: In A move that is likely to impact construction in urban areas, particularly the NCR, the Haryana government has decided to grant mixed land use licences in commercial zones. The move will now allow developers to build residential properties in commercial complexes.
HUDA stops slum-dwellers' 'takeover' of Ashiana flats
Dec 11, 2013
GURGAON: The Haryana Urban Development Authority (HUDA) on Thursday evicted around 70 families from EWS Colony in Sector 47 after they allegedly tried to move into the low-cost houses. Officials said the eviction was done to prevent the alleged slum-dwellers from moving in to the flats, the allotment of which is mired in problems.
Builder in the dock for harassment
Dec 06, 2013
GURGAON: The district administration has initiated proceedings against a builder for harassing a flat owner who had complained to the grievances panel last week.
Haryana notifies rules for regularisation of plots
Dec 02, 2013
CHANDIGARH: The Haryana government has notified policy parameters for regularisation of plots in civic amenities and infrastructure deficient municipal areas in the state.
Gurgaon high-rise owners asked to submit report on safety measures
Nov 29, 2013
GURGAON: In a bid to enhance disaster preparedness, owners of high-rise structures and hazardous industries in Haryana’s Gurgaon district will be asked to submit a compliance report on safety measures to the district authority within two months.
Gurgaon high-rise owners asked to submit report on safety measures
Nov 28, 2013
GURGAON: In a bid to enhance disaster preparedness, owners of high-rise structures and hazardous industries in Haryana's Gurgaon district will be asked to submit a compliance report on safety measures to the district authority within two months.
Occupants of evacuee properties get chance to file claim
Nov 16, 2013
CHANDIGARH: Haryana government today said it has decided to give one more opportunity to occupants of rural and urban evacuee lands and properties to file their claims for transfer of land in their name latest by January 31, 2014.

Latest Realty News Of State

Realty Talk's