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Commercial tax likely to be increased in Chandigarh

1 Comment Sub Category:Municipality,Other cities,Property Tax Posted On: Aug 08, 2012

The tax on commercial property in Chandigarh may be increased in near future.

The issue is to be taken up at the meeting of the House Tax committee to be held in the coming days and the extent of the increase would be decided after a discussion at the meeting.

Property tax on commercial property was imposed in 2004 after initial resistance from the Municipal Corporation. There have been suggestions to conduct a survey before proposed increase in tax rates.

The agenda for increasing tax on commercial property was brought up for discussion in the previous meetings of the committee as well but had been opposed by the councilors of various parties.

To read more real estate news:

Property tax collection to be restarted in Kolkata

One Response to “Commercial tax likely to be increased in Chandigarh”

  1. [...] Commercial tax likely to be increased in Chandigarh [...]

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