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Mumbai property tax

Property owners to move court against new tax system in Mumbai

Property owners to move court against new tax system in Mumbai
Unsatisfied property owners in Mumbai are planning to move court over the new way of calculating property tax. There had been already many criticisms in the past against the imposition of property tax in Mumbai and its suburbs with retrospective effect. The property tax system based on capital value that has been planned recently but will [...] Continue Reading »

BMC new property tax bill challenged

BMC new property tax bill challenged
The new property tax system proposed by Brihanmumbai Municipal Corporation (BMC) has been challenged by a PIL in the Bombay High Court recently. The new property tax bill will be applicable from April 1, 2013 but has been caught amidsr many controversies. An activist named Rajendra Thacker has filed the PIL which states that the [...] Continue Reading »

Mumbai property tax opposed by residents

Mumbai property tax opposed by residents
Residents of housing societies in Mumbai are planning to stage a dharna and one day hunger strike at Azad Maidan to protest the new property tax system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in the ready-reckoner rates. They claim it [...] Continue Reading »

Mumbai residents not happy with new property tax system

Mumbai residents not happy with new property tax system
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 »

Cess property tax revised

Cess property tax revised
Mumbai- Earlier, authorities in Maharastra had declined the amendment in the calculation of education and employment guarantee cess in property tax. The amendment was awaiting approval. Recently the state Cabinet approved the proposal in calculating the cess in property tax. However, two Cabinet Ministers Narayan Rane and Naseem Khan showed their dismay over the impact [...] Continue Reading »

Thane corporators meet CM to resolve property tax assessment row

Thane corporators meet CM to resolve property tax assessment row
The property tax assessment will be shortly presented to chief minister Prithviraj Chavan and a meeting will be held after a heated discussion between the corporators from the Shiv Sena and NCP. The members of two parties had  almost verbal confrontation after the municipal commissioner RA Rajeev  spoke and sought the state government intervention to [...] Continue Reading »

Bombay HC rejects plea against property tax notice

Bombay HC rejects plea against property tax notice
The Bombay High Court has refused to entertain a petition filed by SGS Infratech Ltd challenging the propriety of notice issued by Chief Executive Officer of Pune Cantonment Board. The notice demanded property tax from April 1991 to March 2012 in respect of its property on the defence land.The bench stated that the petition is [...] Continue Reading »

Bill passed to change property tax calculation system in Mumbai

Bill passed to change property tax calculation system in Mumbai
The civic body in Mumbai has passed a bill to change the property tax calculation system from ratable to capital value based on urgent need. However, the corporators of the city have to say that there was no urgency to do the same. The corporators stated that most of them didn’t know about the proposal [...] Continue Reading »

Drop a mail to BMC Mumbai to resolve your property tax query

Drop a mail to BMC Mumbai to resolve your property tax query
Have a property tax query or don’t know what is capital value based property tax system? Then not to worry because Brihanmumbai Municipal Corporation (BMC) has come up with an initiative to solve the queries. The civic body has come up with an email address at which if you send a mail along with your property identification [...] Continue Reading »

BMC likely to introduce Per-floor tax

BMC likely to introduce Per-floor tax
The Brihanmumbai Municipal Corporation (BMC) likely to tax builders for every floor. Per-Floor Tax be introduced by the corporation in the coming days. The Brihanmumbai Municipal Corporation (BMC) may put a cost on the city’s growing skyline. The Shiv Sena has said it wants to tax developers (for every floor) as they attempt to go [...] Continue Reading »



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