Gurukrupa Estate Agency

29/05/2019

*GOOD NEWS FOR Owners/Tenants*

*POLICE NOC is now Finally 📲Online💻.*
No Need to Go to Police Station for getting Rent Agreement NOC...
Just have to Login to "Citizen Portal" website Maharashtra Police & enter details of Licensor & licensee.
Upload the documents & Take a Printout🖨...
Thats it!!!
Very Easy

05/04/2019

18/06/2018

12/04/2018

Circular by BMC dated 12-4-2018

The property tax department of Bombay Municipal Corporation has on 12th April 2018 have informed the members of the public that the responsibility of payment of property tax would be an individual flat purchasers/ occupiers reducing the responsibility of legal entities like the Co-operative Housing Society.

The Responsibility of payment of property tax after receipt of occupation certificate will also be on the individual flat purchasers/occupiers besides the cooperative society. The implications of the same would be that the penalty and or the incentive would be applicable to the individual property tax payer i.e. flat purchaser/occupiers.

Representative of the Bombay Municipal Corporation Dr Mukherjee explained that at time some flat purchasers/occupiers do not pay the property tax resulting in difficulties and hardship for the respective cooperative society. At times it also arises on account of disputes amongst the members of the cooperative society.

Keeping the above said issues into consideration the Bombay Municipal Corporation authorities have decided to leavy property tax for buildings with occupation certificate from 1st April 2018 on individuals. A circular to this effect will be issued shortly by the authorities.

Clarifying the stand of the Corporation, it has been stated that responsibility of the builders will be for the flats occupied by them have and of individual flat purchasers who will have to pay the property tax for the respective flat in their use and occupation.

From 1st April 2018 the responsibility for payment of property tax for the common areas would be of the Builder and / or respective cooperative society.

Dr. Mukherji furthir informed that the details of property tax liability are available on the municipal website www.mcgm.gov.in(portal.mcgm.gov.in) (quick link property tax new) which will help the prospective purchaser to know what are the property tax liabilities on the respective unit.

Statistics with regards to property tax

271000 property are there assessed to property tax in Bombay Municipal Corporation
142000 assess have expressed their willingness to pay property tax directly to Bombay Municipal Corporation

Approximately 100 to 125 new accessories are added every year

Prior to 14 2018 property tax was collected collectively from the buildings legal entity.

Why individual building when society was issued bill?
At times on account of non payment of property tax by a few persons the disconnection was occuring for the entire building.
Payment of property tax for residents of old building.

The facility to pay property tax for individual members of cooperative society in old buildings is already made available by the Corporation.

Unique Identification number (UDI)

UNIQUE IDENTIFICATION NUMBER OF 15 DIGITS IS ALREADY MADE AVAILABLE FOR ALL THE PROPERTIES IN MUMBAI

Explanation with regards to UDI

Out of the 15 digits in UDI The first two digits represent the ward. The next 7 digits represents the building account number. The last four digit reflect the flat number of the individual flats occupier

Where to pay the property tax

The property tax can be paid at the offices of the Municipal corporation and citizen facilitation centre. Money can also be paid via Android application. More details are available on the municipal website which is mentioned herein above

Early bird discount

If money is paid prior to 30th June 2018 for the first 6 months then discount of 2% will be available. If money is paid for the next 6 months then 4% early bird discount would be available to the respective property tax payer.

16/07/2017

Aadhaar data, Aadhaar data news, Aadhaar data latest news, Aadhaar security, Aadhaar data security, UIDAI, UIDAI news, UIDAI measures for aadhaar security
UIDAI does not reveal personal information in the Aadhaar database – the only response is a ‘yes’ or ‘no’ to requests to verify an identity. (Reuters)
Aadhaar number is a 12-digit random number issued by the Unique Identification Authority of India (UIDAI) to the residents of India after satisfying the verification process laid down by it. The Aadhaar number is a proof of identity and does not confer any right of citizenship or domicile. Aadhaar has become very important now keeping in view the fact that the number has been made compulsory by the government for many financial transactions as well as a host of social schemes. However, the involvement of third-party agencies in data collection for Aadhaar has also left a lot of people worried over the safety and protection of their personal information and biometric data.
UIDAI, however, says that there is no need to worry as protection of an individual and safeguarding his/her information is inherent in the design of the UID project. UIDAI also has the obligation to ensure the security and confidentiality of the data collected.
Here’s all you need to know about the data protection and privacy measures taken by UIDAI:
1. What are the privacy protections in place to protect the right to privacy of the resident?
Protection of an individual and safeguarding his/her information is inherent in the design of the UID project. From having a random number which does not reveal anything about the individual to many other features, the UID project keeps the interest of the resident at the core of its purpose and objectives.
# Collecting limited information
The UIDAI ( is collecting only basic data fields – Name, Date of Birth, Gender, Address, Parent/ Guardian’s (name essential for children but not for others) photo, 10 finger prints and IRIS scan.
# No profiling and tracking information collected
The UIDAI policy bars it from collecting sensitive personal information such as religion, caste, community, class, ethnicity, income and health. The profiling of individuals is, therefore, not possible through the UID system.
# Release of information
UIDAI does not reveal personal information in the Aadhaar database – the only response is a ‘yes’ or ‘no’ to requests to verify an identity.
# Convergence and linking of UIDAI information to other databases
The UID database is not linked to any other databases, or to information held in other databases. Its only purpose is to verify a person’s identity at the point of receiving a service, and that too with the consent of the Aadhaar number holder.
The UID database is guarded both physically and electronically by a few select individuals with high clearance. The data is secured with the best encryption features, and in a highly secure data vault. All access details are properly logged.
2. What are the Data protection and privacy measures taken by UIDAI?
The UIDAI has the obligation to ensure the security and confidentiality of the data collected. The data will be collected on software provided by the UIDAI and encrypted to prevent leaks in transit. The UIDAI has a comprehensive security policy to ensure the safety and integrity of its data. There are security and storage protocols in place. UIDAI guidelines are available on its website.
Penalties for any security violation will be severe, and include penalties for disclosing identity information. There will also be penal consequences for unauthorised access to CIDR – including hacking, and penalties for tampering with data in the CIDR.
3. What are the possible criminal penalties envisaged against the fraud or unauthorized access to data?
Following are the possible criminal penalties in the Bill:
# Impersonation by providing false demographic or biometric information is an offence – imprisonment for 3 years and a of fine Rs 10,000.
# Appropriating the identity of an Aadhaar number holder by changing or attempting to change the demographic and biometric information of an Aadhaar number holder is an offence – imprisonment for 3 years and a fine of Rs 10,000.
# Pretending to be an agency authorized to collect Identity information of a resident is an offence – imprisonment for 3 years and a fine of Rs 10,000 for a person, and Rs 1 lakh for a company.
# Intentionally transmitting information collected during enrolment and authentication to an unauthorized person is an offence – imprisonment for 3 years and a fine of Rs 10,000 for a person, and Rs 1 lakh for a company.
# Unauthorized access to the central identities data repository (CIDR) and hacking is an offence – imprisonment for 3 years and a fine of Rs 1 crore.
# Tampering with the central identities data repository is an offence – imprisonment for 3 years and a fine of Rs 10,000.
# Providing biometrics that is not one’s own is an offence – imprisonment for 3 years and of Rs 10,000.
Security Concerns Remain
Despite these security systems and criminal penalties, some security concerns remain as third-party agencies are involved for collecting data for Aadhaar. A majority of experts, however, say that the UIDAI itself has clarified that the usage of private agencies is commonplace in most government systems, including the Passport system of India, which also collects demographic and biometrics data. From this perspective, usage of private agencies/companies in itself is not against any government practices. Moreover, there are legal statutes in place that prevent third parties from holding the Aadhaar data. They are only allowed to collect and transmit the encrypted data to the UIDAI servers and receive acknowledgements. Also, UIDAI has implemented strong security and data protection measures, which makes it impossible to steal data.
Some experts, however, say that ultimately every system (including social security no in the US) is prone to some or other risk of error or mischief, and Aadhaar is no exception. Hence, be it a government agency or a third party managing it, there will always be a risk of human error or mischief.

09/07/2017

GST on property: 7 things you should know

Shaveta Dua| Magicbricks | Updated: Jul 8, 2017, 03.46 PM IST
Being pegged as a revolutionary tax reform since Independence, the Goods and Services Tax+ (GST) is likely to eliminate the complex and ambiguous tax structure plaguing the country currently. To bridge the gap between the government, developers and consumers, Magicbricks organised an event 'Real Estate - The RERA and GST Era' in New Delhi recently.

A single indirect tax-structure regime+ , the move is expected to make tax collection seamless across India. With the Union government fixing 18% GST rate for under-construction properties with full Input Tax Credits (ITC) for the real estate
sector but excluding the cost of land, here is a list of key takeaways from the new law:

Real estate will be taxed at 18%:

Under revised order from the government, under-construction properties will be taxed at 18% which includes 9% SGST plus 9% CGST. The government has also allowed deduction of land value equivalent to one-third of the total amount charged by a developer, thus, making the effective tax rate as 12%. "However, in the new regime the quantum of ITC will be higher though overflow of credit is restricted. The price of a property is an outcome of demand and supply dynamics, not taxes alone," says S Satish, executive director, RSM Astute Consulting Group. "Imposing GST on land would have just resulted in land costs rising further at a time when the government is pushing its agenda of affordable housing nationally," adds Ramesh Nair, CEO & Country Head, JLL India.

Stamp duty and property tax to eventually be subsumed:

Stamp duty and registration charges are outside the ambit of GST now because these are state levies while property tax is a municipal levy. "In many countries where GST has been implemented, it includes immovable properties as well," says Satish. Although the government says that it has plans to eventually subsume these levies into GST, when and how it will be done is yet to be seen.

Detailed returns need not be filed this year:

KPMG Partner (Indirect Tax) Priyajit Ghosh says that the new law was a challenge on the compliance front and the government has agreed to take a lenient view for the first couple of months. "The government has said that a detailed return need not be filed by traders/businessmen only a summary return would suffice," said Ghosh. Satish adds that returns can be filed in summary but individual transactions have to be uploaded in the system.

Teething issues inevitable:
Deepak Kapoor of Gulshan Homez said multiplicity of rates in the previous regime had created a lot of confusion. "Teething issues, inflationary pressures and certain short-term adverse impact will make compliance difficult in the first 12-15 months. But global precedence says that GST has been beneficial," adds Tina Rakyan, director (Finance), Hines India.

Easier redressal of taxation issues:

Post-GST, some tax issues will become easier to handle as there would be no overlapping jurisdiction between the Centre and states with regards to levies on services and goods. "Seeking redressal of a taxation issue would be far easier because in the new regime the same rule would apply to everyone," explains Ghosh. However, Satish adds that new issues related to classification, composite and mixed supplies, ITC etc can crop up.

Transition period a pain for developers, consumers:

Kapoor added that making real estate transactions in the transition period will lead to ambiguity on how will ITC be calculated when the new law kicks in. "Post July 1, 2017, if an invoice for a unit has to be made, how will calculations be arrived at? If a customer wants to buy a real estate product on July 1, what should I tell him? Should I tell him that I am selling you my real estate but the actual price will be revealed after 3 to 6 months, when I get my ITC details," asks Kapoo