![Future Capital Value not to be taken for Determination of Property Tax as per MMC Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Value-Property-Tax-MMC-Act-Supreme-Court-taxscan.jpg "Future Capital Value not to be taken for Determination of Property Tax as per MMC Act: Supreme Court [Read Judgment]")
Future Capital Value not to be taken for Determination of Property Tax as per MMC Act: Supreme Court [Read Judgment]
The two-judge Bench of Supreme Court Chief Justice U U Lalit and Justice Ajay Rastogi recently held that the future capital value of the property is...
![Notional Interest earned on the Security Deposit not to be taken into consideration while Computing total Rental Income: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Notional-interest-security-deposit-rental-income-AAAR-taxscan.jpg "Notional Interest earned on the Security Deposit not to be taken into consideration while Computing total Rental Income: AAAR [Read Order]")
Lawyer not empowered to make admission or statement directly surrendering substantial legal rights of client: Madras High Court [Read Judgment]
The Madras High Court held that a lawyer not empowered to make admission or statement directly surrendering substantial legal rights of the client. The Appellant, GLT College was established in...
GST payable on Property Tax, Water Charges, Common Electricity Charges, etc. collected by Society as amounts to ‘Supply’: AAAR [Read Order]
The Maharashtra Appellate Authority of Advance Ruling (AAAR) while upholding the ruling of the AAR ruled that GST payable on property tax, water charges, common electricity charges, etc. collected by...
![GST payable on Property Tax, Water Charges, Common Electricity Charges, etc. collected by Society as amounts to ‘Supply’: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/GST-Property-Tax-Water-Charges-Common-Electricity-Charges-AAAR-Taxscan.jpg "GST payable on Property Tax, Water Charges, Common Electricity Charges, etc. collected by Society as amounts to ‘Supply’: AAAR [Read Order]")
No plan to impose Property Tax on Union Territory of J&K, says LG Manoj Sinha amid rigid opposition
The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu...
Madras HC’s ultimatum to Rajinikanth as he moves Court against Property Tax demand for Marriage Hall [Read Order]
The actor turned politician Rajinikanth moved Madras High Court against property tax demand for marriage hall demand of Rs 6.50 lakhs as property tax for his ‘Sri Raghavendra Kalyana Mandapam’, which...
GST: Notional Interest on Security Deposit, Property Tax forms part of ‘Rental Income’, if it influences the Value of Supply, rules AAR [Read Order]
The Karnataka Authority for Advance Ruling (AAR) has adjudged that no deduction towards property taxes is allowed from the value of renting of immovable services (RIS). Further notional amount of...
![GST: Notional Interest on Security Deposit, Property Tax forms part of ‘Rental Income’, if it influences the Value of Supply, rules AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/GST-Notional-Interest-security-deposit-property-tax-AAR-Taxscan.jpg "GST: Notional Interest on Security Deposit, Property Tax forms part of ‘Rental Income’, if it influences the Value of Supply, rules AAR [Read Order]")
Reimbursement of Property Tax to Landlord under Contract is an Allowable Expenditure: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the reimbursement of the amount of property tax by the licensee to the landlord under the contract would be eligible for...
![Reimbursement of Property Tax to Landlord under Contract is an Allowable Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Reimbursements-ITAT-Taxscan.jpg "Reimbursement of Property Tax to Landlord under Contract is an Allowable Expenditure: ITAT [Read Order]")