BMC
Now that Brihanmumbai Municipal Corporation (BMC) has given grace period for the citizens to pay their property tax by March 31, it is not able to collect pending revenue from several central and state government agencies for the past several years. According to a data, BMC has to collect property tax worth Rs 155 crore on central [...] Continue Reading »
The new capital value based tax system which was being objected by the citizens all this while, has been given an extension of two months grace period. The citizens can now pay as per the old rates up to March this year. The residents have to visit the assessor and collector department at the local [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has decided to buy sewage cleaning and processing machines to do away with manual cleaning. The sewer cleaning machines and high capacity suction units will be used to avoid manual contact with garbage. This initiative has been taken by the civic body witnessing several conservancy workers who have to clean the sewer lines manually, due to [...] Continue Reading »
With the increasing protests from the citizens of Maharashtra against new property tax system, a demand for a stay on the regime has now been made to the state government. Recently, Brihanmumbai Municipal Corporation (BMC) had introduced the new property tax system in the state, following which many protests were witnessed. A MP from North [...] 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 »
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 »
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 »
As per data with the Brihanmumbai Municipal Corporation (BMC), around 81 % of the properties in Mumbai remain unaffected from the recent hike in property tax. With the new capital value-based property tax system in place, the citizens have been unhappy regarding the same and many plan to contest in High Court. However, 81% of [...] Continue Reading »
Unconvinced with the new way of calculating property tax, citizens in Mumbai are planning to move to Bombay High Court regarding the same. The new method is based on the capital value-based system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in [...] Continue Reading »
BMC has claimed that no new taxes and charges will be included in the BMC budget to be announced for 2013-14 financial year. Also, the civic body is unlikely to announce any new projects or schemes in the next fiscal year. BMC is all set to recover Rs 29,000 crore to Rs 30,000 crore budget [...] Continue Reading »
