Property tax rates
The new property tax policy of the state government of Punjab has not gone down well with the citizens of Ludhiana. The property tax rates fixed at 1 per cent for residential, 1.5 per cent for institutional, 2 per cent for industrial and 4 per cent for commercial property are being considered very high by [...] Continue Reading »
GHMC has planned to revise the property tax rates for the property in Hyderabad. The owners of the real estate property in Hyderabad are expecting the general revision of property tax , which will be implemented in the next financial Year. According to sources, the GHMC has set a target to collect Rs 1000 crore [...] Continue Reading »
Property owners in Hubli-Dharwad provinces get ready to bear the burnt of property tax hike again! Time and again round the clock property tax rates is increasing living the property owners worried. The Hubli-Dharwad Municipal Corporation has proposed for the increase of property tax! The property tax hike will be applicable to commercial, residential and [...] 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 »
Nagpur Municipal Corporation (NMC) has given an indication of raising the property tax rates. Also new property tax norms say that the tax payer should pay tax within 3 months from the date of bill issued. However, if the tax payer delays the payment NMC will levy 2 per cent interest as per the changes [...] Continue Reading »
