A Khata, in Hindi, means account. A Khata in terms of property stands for an account of a property. This assessment is carried out for properties that lie within the Bruhut Bengaluru Mahanagara Palike (BBMP) jurisdiction and every person who owns a property within BBMP limit is mandated to have a Khata. This account or assessment contains details about the property like size, location, area, built up area, etc.
These details in Khata help in the recognition of the person who is liable for the payment of property tax. However, a person’s name in the Khata does not imply that the person might be the owner of the property. The name signifies the person who is responsible for paying tax for that property.
Why is Khata Important?
Khata is of utmost importance when selling a property, performing any sort of property trade, obtaining a loan on a property as well as paying property tax. There are two types of Khata commonly known as ‘A Khata’ and ‘B Khata’.
Who are eligible for obtaining Khata?
All property owners owning a property within BBMP limits are eligible for owning Khata. Any person who may or may not be the owner of the property can pay property tax. However, Khata becomes necessary only when such a person tries to avail loan on the property or tries to trade the property.
What is the difference between ‘A Khata’ and ‘B Khata’?
Properties listed as ‘A Khata’ come under the BBMP jurisdiction. These properties meet all the requirements stated by BBMP. However, those properties that have been constructed either on agricultural land or against the specifications (might not have received occupancy certificate or completion certificate) are entered along with the Property Identification Number (PID) into ‘B Register’. Such...
... middle of paper ...
...uyer and the seller must ensure that the Khata is transferred within 3 months of the transaction. The steps to transfer Khata are listed below.
Obtain a notarized copy of your sale deed. This can be issued by any notary in the city for a maximum charge of Rs. 200/.
Fill in the Khata registration form. Note that this form is the same for Khata registration, transfer and modification. It is also available on BBMP official site.
Submit your tax payment receipts and Khata details in encumbrance certificate (EC).
Carry along any receipt for improvement charges paid.
Carry along national savings certificate which is available for just Rs. 200/-.
If a buyer needs further help for obtaining Khata, he/she can purchase the Sarala Khata book made available by BBMP for Rs. 20/-.
Khata is transferred approximately 30 days after the application and the proofs have been submitted.
...return audit. Kiwi Corporation should have a recognized gain of $800,000 for liquidating the inventory and Shelly is responsible for the tax liability based on transferee liability. Shelly Zumaya should have a recognized gain of $1.6 million ($2 million inventory value - $400,000 stock basis).
Netzer, D. (1973). The incidence of the property tax revisited. National Tax Journal, 26(4), 515-535.
...hir collected were from people who were working in secret so that they would not have to pay any tax to J.T. However Sudhir innocently shared this information with J.T which caused many of the people to be beaten up for trying to evade taxes.
Perhaps the biggest failure in the reservation system affecting current times is in the status of laws and jurisdiction. Communal land ownership and federal trust restrictions on land ownership and use inhibit economic development and many land allotments are owned collectively by groups of individuals. Multiple ownership makes it difficult to manage the lands and it reduces benefits to individuals. It is also nearly impossible to use the land as collateral for obtaining loans because of federal protection from encumbrances on trust
Kathak (Sanskrit translation: ‘Katha’- story; ‘Katthaka’- story-teller) can be traced to as far back as the 3rd century and is one of the eight Classical dances in India. It originated in Northern India -Rajasthan, Delhi and Uttar-Pradesh. It was originally performed in temples to narrate mythological stories presented in the Ramayana and Mahabharata with mimetic gestures and singing. ‘Katthakas’ were mostly high-caste, educated Brahmins. Nowadays, class division is less intruding in one’s pursuit of becoming a ‘Katthaka’.
The District Administration, Mysore District , National Informatics Centre Mysore , 27 3 2014. Web. 2 Apr 2014.
The transfer of property in this case is said to fall under the Section 2(1) of the Sale of Goods Act 1979 which stated “A contract of sale of goods is a contract by which the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration, called the price.” Therefore, it is defined as a ‘contract of sale of goods’. Which is either for the (i) sale of specific goods or (ii) for the sale of unascertained goods.
There is no scheme of demerger. Only the stocks and the Brand dealership agreements of M/s Meena Jewellery Pvt. Ltd. will be transferred toPRIL.
There is a collective existence of different forms legal systems, because of the country’s diversity in culture, language and religion. This diversity is able to flourish in India only because of representation of different communities. Diversity and pluralism are acknowledged in India which safeguards the interests of different social groups and communities. This led to law being seen as necessarily pluralistic. However, after colonisation there was an effort made by the British to make law uniform, an essential condition in what was seen as ‘modern law’. Nonetheless, after independence an effort was made to have a pluralistic legal system as this would lead to better representation of different communities. This is how the Panchayati Raj system, a form of local self-government came about. Panchayats were reintroduced in 1992 after the British rule, and there a panchayat in every town of village. The people of the village elect the members of the ‘panch’, whose responsibility is the local administration of the village. In many places, gram panchayats are also known as gram sabhas. In this manner, different forms of legal pluralism shape everyday ordering and disputing in rural and urban India. They relate to formal law as well as customary legal orders equally. The two governance systems interact, which can be termed as formal law and traditional law. Customary law is also termed as unnamed law as it does not refer to a specific basis of
Taxation is among the ways in which government can lessen income inequalities. Taxes is done in order to correct the over allocation of resources associated with negative externalities. Taxation is a method of transferring resources from the private to public sector. In the early centuries of Islamic State, only zakat was collected from Muslim and Islamic Tax was introduced by Caliph Umar Al-Khattab which is imposed to non-Muslim. The purpose of this report is to differentiate between conventional taxes and Islamic taxes.
The purpose of enacting The Land Registration Act 2002, was to combat the uncertainties evolved around the previous Act, Land Registration Act 1925 . The need for reforms was highlighted in a report by Law Commission known as Land Registration for the 21st Century: a Conveyancing Revolution . LRA 2002 repealed LRA 1925, not only simplify the law by maintaining an accurate record of all the rights and alongside interests held by others that affect the land, but also to give certainty the basic concepts engrossed by the 1925 Act as it can be very clearly evident that 2002 Act revolves around the original and principle ideas with amendments.
The origins of the kathak style lies in the traditional unfolding of Hindu myths by Brahmin priests called kathiks, who used mime and gesture for dramatic effect. Gradually, the storytelling became more stylized and developed into a dance form. With the arrival in northern India of the Mughals, kathak was taken into the royal courts and developed into a sophisticated art form; through the patronage of the Mughal rulers, kathak took its current form. The emphasis of the dance moved from the religious to the aesthetics. In cooperation with the aesthetics of Islamic culture, abhinaya which is defined as the use of mime and gesture, became more delicate, with emphasis placed on the performer's ability to express a theme in many different ways.
The reason behind excessive land bought by the private sector was the security conditions of the country. As it was the plus point of Defense Housing Scheme from the start that it was guarded by military itself and it created a lot of satisfaction for the private businessmen to settle down in here. By the passage of time the rate of the land started to increase up and up because of the increase in demand of private sector. So the military has to develop this housing scheme to other major cities also. Now a days the military is buying more and more land to expand DHA in all the major cities of Pakistan one example of this is that there are 11 phases of DHA in Lahore by the end of year 2013. (Establishment, 2014)
Pune Town Planning & Valuation Department. Regional Plan of Pune 2011. Pune: Government of Maharashtra, 1976.