Delhi may get a new property legislation that curbs the number of legal battles going on in city courts.Delhi currently does not have any system for recording or confirming the ownership of a property.The Delhi Survey Registration and Recordal of Title of Immovable Properties in Urban Areas Bill 2009 proposes to legally register titles to properties that record ownership. A digitised database of all...
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Bangladesh Cabinet today approved the Vested Property Return (Amendment) Act 2009 for restoring property seized from the nation's minority groups, mainly from the Hindus.Land and other kinds of property left behind during the 1947 Partition and during the 1965 India-Pakistan war were all vested in state ownership through enacting the Vested Property Act after Bangladeshs independence from Pakistan...
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you are staying in the island city get ready for a hike in the property tax you pay the civic body.The civic standing committee will, on Wednesday, discuss a proposal for adopting a new property tax structure for Mumbai. The proposal is to charge property tax on the capital value [market rates] of a property.Property tax is currently charged rateable value basis [on the rent a property can earn].Those...
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Aproperty owner may earn different types of incomes from his property. Thisdepends on the nature of the property and the purpose of its holding. Broadly, aproperty may either be residential or commercial.In case one ownsresidential property, it may either be self occupied or rented out. If one rentsout his residential property, income as rent can be earned. The income earned asrent is taxable in the...
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DHAKA: The Bangladesh Cabinet has approved the Vested Property Return (Amendment) Act 2009 for restoring property seized from minority groups, mainly from Hindus, during the united Pakistan era.The law will now be placed before Parliament. The proposed law is meant to redress the long-disputed Vested Property Act, originally introduced by the Pakistani government in the 1960s, and which still gives...
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SURAT:Registration of about 32,000 new buildings, including residential and commercialpremises, in the first seven months of current financial year will help SuratMunicipal Corporation (SMC) to earn an additional income of Rs 20 crore from thearea-based property tax.Thanks to the drive initiated by municipalcommissioner S Aparna to increase the property tax income by registering newproperties as well...
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Municipal Corporation's (PMC) tax collection and assessment department hasundertaken a drive to seal properties on which property tax dues have not beencleared despite issuing notices.On Monday, four properties inHadapsar and Kondhwa, on which property tax arrears totalling Rs 40 lakh were tobe paid, were sealed.The department's head Vilas Kanade said thedrive will continue. "We appeal to citizens...
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intellectual property rights body Thursday urged countries to ensure that intellectual property rules were not violated."We have a structural problem in implementing the intellectual property regime," Francis Gurry, director general of the World Intellectual Property Organisation (WIPO) said here."The governments should ensure that intellectual property rights are not violated," he told the delegates...
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Draft Property Tilting Bill, 2009 will help Delhi come in line with best practices prevailing in advanced countries in regard to property titling systems, Lt Governor of Delhi Tejendra Khanna said today. ''A robust city like Delhi, which is poised to become fully urban by 2021 as per the Master Plan 2021, development in infrastructure and economic growth is possible only when there is safety in recognising...
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intellectual property rights body Thursday urged countries to ensure that intellectual property rules were not violated."We have a structural problem in implementing the intellectual property regime," Francis Gurry, director general of the World Intellectual Property Organisation (WIPO) said here."The governments should ensure that intellectual property rights are not violated," he told the delegates...
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