Hike on Pune property tax postponed by PMC
Recently, the decision that had been taken to hike Pune property tax by 8 percent has been postponed by the standing committee of Pune Municipal Corporation (PMC).
Baburao Chandere, chairman of the standing committee of PMC has stated that still more discussions and a special meeting are needed to come up with a plan. The final decision on the hike has been postponed till the meeting.
A hike of 8 percent was planned on the property tax in Pune for the financial year 2013-14. The proposal was kept forward in a recent meeting of the standing committee PMC.
As per plan, civic body finalises the rates of tax every year as per section 99 of the Bombay Provincial Municipal Corporation (BPMC) Act, 1949, and keeps it before standing committee for approval. If approved, it becomes a part of the municipal commissioner’s annual civic budget. The General Body (GB) has to approve the new tax rates before February 20 of every year.
All the discounts on property tax which was earlier planned by PMC will be continued. Property owners will get discount who pay property tax in advance. A discount of 10 percent is given to those whose tax amount is Rs 25,000 or less and 5 percent discount if the amount is more than Rs 25,001 for those who pay tax before May 31.
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[...] Hike on Pune property tax postponed by PMC [...]
[...] Hike on Pune property tax postponed by PMC [...]
[...] Hike on Pune property tax postponed by PMC [...]