Property Tax
Mumbai- With rising number of oppositions to the new property tax system introduced by the Brihanmumbai Municipal Corporation (BMC), the Maharashtra chief minister has been requested to issue stay on the regime. One of the member of parliament has asked CM Prithviraj Chavan to order a stay against the new system because under the new [...] Continue Reading »
BBMP has started with the drive to recover the pending tax amount from the tax defaulters. The civic body has decided to flash the name and photographs of the tax defaulters on hoarding at major traffic intersections. In addition to this, Palike is planning to embarrass defaulters by beating drums in front of the defaulters’ [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) seemed to have juggled up the guidelines to calculate the new property tax system. The property tax under the capital value-based system has missed out on some key factors to compute the same. The civic body has not taken into account several factors like leased and freehold land as well [...] Continue Reading »
The Pune Municipal Corporation has recently given green signal to the hike of 6% in property tax. It will definitely put a lot of pressure on the citizens. With the hike in property tax, PMC is expecting an additional revenue of Rs 40 crore. Maharashtra NavnirmanSena had joined hands with NCP to put a stay [...] Continue Reading »
BBMP is going to start a drive to recover the the pending tax amount from the tax defaulters. The civic body has decided to flash the name and photographs of the tax defaulters on hoarding at major traffic intersections. So if you are a property tax defaulter, beware! In addition to this, Palike is planning [...] Continue Reading »
South Delhi Municipal Corporation (SDMC) is tangled in pending tax issues related to the Feroz Shah Kotla stadium. However, citing a court order against any coercive action on DDCA, SDMC has become moderate about the issue. South corporation mayor Savita Gupta told that the Delhi District Cricket Association’s (DDCA) requested the corporation to permit them [...] Continue Reading »
Brihanmumbai Municipal Corporations (BMC) has finally listened to the citizens’ woes. The civic body has taken steps to make the new property tax system transparent to the public. To start with, Stamp duty Ready Reckoner (SDRR) rates are now displayed on the official website of the civic body. The RR rates form the base value [...] Continue Reading »
With the new property tax system in place, Brihanmumbai Municipal Corporation (BMC) is yet to frame guidelines to decide on weightages needed for calculation of the tax. For buildings with multiple-age and construction types, deciding on the weightages is one of the crucial parameters for calculation of the tax. A weightage is defined as the capital value [...] Continue Reading »
The fight between North and South Delhi Municipal Corporation for the ownership of the Civic Centre getting murkier day by day. With the North Corporation demanding property tax from South Corporation against the use of premises at the 28-storey building, the South Corporation is questioning the ownership claims of North Corporation over it. The South [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has planned to give health insurance of up to Rs 3 lakh for those citizens who have paid property tax this year. A whopping property tax of Rs 2,156 crore has been collected this year, contributed by about 15 lakh owners of properties in Mumbai. According to BMC these property tax [...] Continue Reading »
