Hike in property Tax
Pune Municipal Corporation (PMC) is set to recover the long pending property tax of approximately over Rs 5 lakh in a new initiative. The civic body has decided to hire a brass band to play music to awake property owners who have not paid pending property taxes on time. This brass band will follow the [...] Continue Reading »
Pimpri Chinchwad Municipal Corporation (PCMC) has recently sealed about 30 properties in the city for not paying property tax in time. The property tax department of the civic body had already sent notices to these properties in Pune and 353 prominent defaulters had been reminded for not paying the taxes in the given time frame. Around [...] Continue Reading »
Pimpri Chinchwad Municipal Corporation (PCMC) has a good news for certain group of people in community. Now, ex-servicemen, freedom fighters and women property holders in Pimpri Chinchwad will get a rebate of 50% in their property tax from the coming fiscal year. However, this scheme is only applicable to only one property in case anyone [...] 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 »
Pune Municipal Corporation (PMC) has recently decided to hike property tax by 6%. This will be the first hike after four years. Corporators at PMC standing committee meeting approved the hike for the financial year 2013-14 and it will be applied from April 2013. Earlier, the civic body had proposed to increase property tax by [...] Continue Reading »
The draft civic budget which was presented recently with an 8% hike in property tax in Pune for 2013-14 has been opposed by a citizen group in the city. Sajag Nagrik Manch, a citizen group, has opposed the said hike in property tax for properties in Pune. However, the municipal commissioner wants the hike to [...] Continue Reading »
New Delhi- The latest proposal initiated by the civic body is the hike in property tax by 3 percent. This property tax hike will result in residents of New Delhi Municipal Corporation (NDMC) paying double tax from next fiscal, followed by an increase in property valuation. However, the budget of 2013-14 is expected to hike [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) is all set to hike the property tax despite stringent opposition from corporators. The GHMC, does not need permission to hike the property tax according to the Municipal Act, as the act says that the corporation can revise tax every five years and last revision was made in 2007. [...] Continue Reading »
Hike in property tax has been a nightmare to the citizens of Thiruvananthapuram. Property tax payers can expect maximum of 60-per cent increase in the tax amount for residences. However, the hike for commercial buildings would be much higher when compared to the residential sectors. Also, recently the city mayor announced the possibilities of implementing [...] Continue Reading »
Residential properties in Hyderabad that have been leased and rented out by owners to other members will have to bear additional property tax rates. The Greater Hyderabad Municipal Corporation (GHMC) say that this is not a hike in property tax, however a rationalization of tax. The recent field inspection by property tax collectors revealed that [...] Continue Reading »
