commercial property tax
The Greater Hyderabad Municipal Corporation (GHMC) is planning to double the tax, so the residential property owners have to pay more tax. According to the authorities, property tax of commercial properties in L B Nagar, Uppal, Malkajgiri and Qutubullapur municipal circles may be cut by 15-20%. GHMC is to raise minimum property tax to 80 [...] Continue Reading »
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 [...] Continue Reading »
Serviced apartments is right now one of the major real estate attraction in Bangalore city. Meanwhile, the property tax department had requested state government to add serviced apartments under commercial property tax net. This plan was a seeded by namma Bruhat Bangalore Mahanagara Palike’s (BBMP). The process is right now on hold! Having a rough [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) is planning to bring the serviced apartments in Bangalore under the commercial property tax. Currently BBMP is rushing to complete the Property Identification Data project (PID). They hope this drive will bring serviced apartments and hidden commercial complexes to light. And the revenue collection will increase simultaneously. As the [...] Continue Reading »
