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Chennai Corporation collects Rs 480 crore as property tax

Chennai Corporation's property tax collection for 2013-14 crossed Rs 480 crore, the highest ever, corporation officials said on Tuesday.However, it still fell short of its Rs 550-crore target by Rs 70 crore. The corporation collected 87% of property tax from the 15 zones. It collected Rs 461 crore (92%) in property tax against a target of Rs 500 crore in 2012-13.A corporation official said the target...
Source : Times Of India |
Category : City | City : Chennai

Chennai Corporation collects Rs 480 crore

Chennai Corporation's property tax collection for 2013-14 crossed Rs 480 crore, the highest ever.The corporation collected 87% of property tax from the 15 zones. It collected Rs 461 crore (92%) in property tax against a target of Rs 500 crore in 2012-13.The increased collection is likely to give infrastructure projects a boost. The lion's share was collected from zones including Teynampet , Adyar and...
Source : Chennaionline |
Category : City | City : Chennai

Chart Of The Day: Just What Do Corporations Pay In Income Tax?

new analysis from Citizens for Tax Justice found that 26 of 30 major U.S. corporations had a negative effective tax rate in the four years between 2008 and...
Category : Business

U.K. Posts Smaller-Than-Forecast Surplus as Taxes Fall

Treasury receives large installments of corporation tax during January along withThe Treasury receives large installments of corporation tax during January along with final payments of self-assessed income tax for the previous fiscal year.The Treasury receives large installments of corporation tax during January along with final payments of self-assessed income tax for the previous fiscal year.Revenue...
Source : Bloomberg |
Category : International

SEBI grants QCCP status to three clearing corporations

QCCP status will make the three clearing corporations comply with the Principles for Financial Market InfrastructureThe Securities and Exchange Board of India has granted qualified central counterparty status to National Securities Clearing Corporation, Indian Clearing Corporation and MCX-SX Clearing Corporation.National Securities Clearing Corporation Ltd (NSCCL), Indian Clearing Corporation Ltd (ICCL)...
Source : Indiainfoline |
Category : Business

Mini stadiums on OSR lands

a first, Chennai Corporation will soon establish mini-stadiums on OSR (Open space reservation area) land measuring more than one acre in the Chennai Metropolitan Area.The Chennai Corporation had submitted 17 proposals of which Chennai Metropolitan Development Authority (CMDA) has approved five mini-stadiums within the city limits under the Local Arrangement Plan.The sports facilities in the Corporation...
Source : Chennaionline |
Category : City | City : Chennai

Income Tax department rejects Nokia's offer to pay Rs2,250 crore to unfreeze Chennai assets

Income Tax department rejects Nokia's offer to pay Rs2,250 crore to unfreeze Chennai assetsIncome Tax department rejects Nokia's offer to pay Rs2,250 crore to unfreeze Chennai assetsIn a Delhi High Court hearing on Monday, the company’s offer to pay Indian tax authorities a sum of Rs2,250 crore in connection with the unfreezing of the Chennai assets of Nokia India Pvt Ltd was rejected by the Income...
Source : DNA |
Category : Others | City : Mumbai

Jaya opens 14 e-service centres

Tamil Nadu Chief Minister J Jayalalithaa inaugurated 14 urban common e-service centres. An official release here today said the e-service centres will enable public to remit corporation tax, electricity charges, water tax and various other taxes in one place. These e-service centres will be functioning at three taluk offices, three zonal offices, two depot offices of Chennai Water Supply...
Source : Webindia123 |
Category : Headlines

Tax Geek Tuesday: 2013 Tax Planning Is Not Finished For S Corporations - How To Purge Problematic Ea

Tax Geek Tuesday: 2013 Tax Planning Is Not Finished For S Corporations - How To Purge Problematic Earnings and ProfitsIn this week’s Tax Geek Tuesday, we take a look at one of the rarest of species in the tax world: the opportunity to implement an impactful tax planning strategyyear-end. Specifically, we’re going to discuss the opportunity for a calendar-year S corporation to elect to purge its ac...
Source : Forbes |
Category : Personal Finance

PFC: Funding Power

The infrastructure finance company status works beneficially for Power Finance Corporation, which primarily lends to the power sector...
Source : Valueresearchonline |
Category : Others