icon Assesment tax rule related MMRDA BUILDING

Q1. MMRDA OR SRA building 10 year tax is free any government policy available. I got my allotment in 2009 but society registered in 2019. Q2. Not all members ready to pay assement tax but i am ready t


A. Dear Sir,
You may file a representation accordingly then approach High Court which will issue suitable directions to the concerned.

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Rameshwar  Dadhe

Rameshwar Dadhe

icon capital gain tax

There is one property which were divided into three portions , one portion is of My wife and his brother, this portion they got after the death of her mother around 5 years back , her mother get this


A. Dear Sir,
Get a document from the brother of your wife having received such amount as gift and keep quiet. If any issue arise then only reply to the IT authorities. Nothing to be paid by your wife.
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Rameshwar  Dadhe

Rameshwar Dadhe

icon capital gain

My father had purchased a property in 1970 which is in my name since last ten years. This year I demolished the house which was built on it at the time of purchase by my father and got a new plan pass


A. Dear Client,
You need to have a look to the following:
Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short-term (one year or less) or long-term (more than one year) and must be claimed on income taxes.
If you sell property that is not your main home (including a second home) that you've held for at least a year, you must pay tax on any ...ReadMore

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Deepak Yashwantrao Bade

Deepak Yashwantrao Bade

ARPIT  BATRA

ARPIT BATRA

icon Consequence of not paying property tax on Ancestor property

I have a plot in Nagpur. It is a agricultural land and I have build shops & house on that Land. Since it is an ancestor property so there are 7 owners(Brothers & sisters) and each owner has 1000 sqft


A. Dear client better to act quickly before the authorities take action under the relevant section of the Act.

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Latest Response 5 years ago
Deepak Yashwantrao Bade

Deepak Yashwantrao Bade

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Rajender  Prasad

Rajender Prasad

Ambrose  Leo

Ambrose Leo

icon corporation asking to pay commercial property tax

Sir, I'm having 18-rooms building in pune. It is individually owned. Recently 1-year before maintenance society was formed and it made complaint against me to Pune Muncipal Corporation to charge me as


A. Making any sort of earnings or profit from house property either from paying guest or tenants amounts to commercial business and the Corporation is correct in putting your property under commercial cap. What you can do is to appear before the concerned hearing officer on the date of hearing as mentioned in the notice and seek for some relief in the property tax.

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Latest Response 5 years ago
ROBERT D ROZARIO

ROBERT D ROZARIO

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Namitabh  Kothari

Namitabh Kothari

Rajender  Prasad

Rajender Prasad

icon HOUSE PROPERTY TAX

AS FROM LAST 50 YEARS WE ARE LIVING IN A HOUSE ON RENT FROM THE TIME OF MY GRAND FATHER, AFTER THAT WE HAVE NO IDEA ABOUT OWNER OF THE HOUSE WHERE TO SHIFT , MIGHT BE THEY AND ALL THE FAMILY SHIFTED


A. dear client in your matter The responsibility of payment of property tax is of the owner. This payment is a statutoiry obligation.
If this payment is not made by the owner, then you can pay the same on behalf of the owner and then deduct the same from the amount of rent payable.

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Latest Response 5 years ago
Deepak Yashwantrao Bade

Deepak Yashwantrao Bade

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