Property Tax
BMC Polls Today: Mumbai municipality's budget bigger than many states — how India's largest civic body earns and spends
BMC Polls Today: With a budget surpassing some smaller states, the BMC outlines its financial prowess and spending priorities. As elections get underway, understanding the BMC's revenues and expenditures reveals how this civic body maintains its infrastructure and services amidst growing demands.
3 min read15 Jan 2026A new sunrise for cities? Budget to push for financial autonomy
To address urban infrastructure challenges, the Indian government is developing a plan to give municipalities greater financial autonomy, focusing on enhancing local revenue sources and encouraging market-based financing through municipal bonds for sustainable urban development.
5 min read6 Jan 2026Is TDS applicable when buying NRI property with capital gain below tax threshold?
The tax authorities are empowered to directly enforce the seller's liability on the buyer.
2 min read30 Dec 2025Major crackdown on tax defaulters—Six Gurugram properties sealed for outstanding dues worth ₹2 crore
The Municipal Corporation of Gurugram has intensified its crackdown on property tax defaulters, sealing six properties with dues of ₹1.89 crore. The stern action resulted in nearly ₹7 crore being deposited in the treasury, emphasising the importance of timely tax collection for city development.
2 min read26 Dec 2025Home sweet home: The complete cost of ownership
The actual cost of owning a house can vary significantly depending on several factors, including the property's location, price of the home, financing terms, utilities, maintenance, etc.
3 min read11 Dec 2025Remote property ownership is tough for NRIs. Here's the fix.
For NRIs, buying property in India is a maze of legal paperwork, state rules and intensive due diligence. Here's what they need to know.
6 min read26 Nov 2025CGAS explained for property sellers: Latest changes and how they reduce your tax
You can now use electronic modes to deposit money in CGAS, open accounts with private banks
4 min read25 Nov 2025Why tax breaks on home loans shrink for under-construction properties
The tax laws don't allow interest deduction to be claimed while the property is under construction, and cap the total interest benefit that can be availed after taking possession
6 min read20 Nov 2025Property sellers beware: How unused CGAS can hit you with unexpected taxes
The Capital Gains Account Scheme (CGAS) remains a useful interim tool for reinvestment, although its tax deferral advantage has narrowed.
2 min read8 Oct 2025Major crackdown against tax defaulters: Five Gurugram properties sealed for outstanding dues worth over ₹6 crore
The sealing operation was led by Zonal Taxation Officer Pankaj Kumar, supported by Tax Inspector Pankaj Saluja and a dedicated team from the MCG's tax branch. The drive targeted prominent commercial properties, particularly in Bestech Cyber Park, Narsinghpur, and an industrial property in Kadipur.
1 min read16 Sep 2025