New property tax system
The new property tax system by Brihanmumbai Municipal Corporation (BMC) has been opposed by the real estate builders. The developers have even showed their support to consumer associations protesting against the tax system. According to the new system, the property tax is computed based on the capital value of the property as against the earlier system of going [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has given a relief to the residents of Mumbai by announcing an extension in dates for payment of property tax. Now, the last date for paying the new capital value based property tax is extended by three months. However, an official announcement is yet to be made. For many days, citizens [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) general body has passed the proposal to implement the new property tax system based on the capital value of properties. The assessment value has been fixed at 0.1 per cent of the capital value. The final report will be submitted to the general body after forming an all party committee [...] Continue Reading »
The new property tax system have been stalled for the third time by the civic body in Mumbai. BMC has stalled the offer to implement the new capital value property tax system. However, the only ease is that there will be a provision for rebate for the owners who pay the tax on or before [...] Continue Reading »
The standing committee in Mumbai took a back step in passing on the property tax proposal. Understanding the modalities of the new property tax system has been a major issue. Therefore, to understand the administration, standing committee has asked the municipal department to come up with a presentation to get a clear picture of proposed [...] Continue Reading »
