Property tax system
Ludhiana- The Municipal Corporation and district administration, had announced that the property tax has been implemented in Ludhiana from April 1 while the civic body has failed to fix the unit values and complete the survey by the deadline. The joint commissioner of municipal corporation, P S Ghuman, had announced that, property tax has been [...] Continue Reading »
Mumbai- With rising number of oppositions to the new property tax system introduced by the Brihanmumbai Municipal Corporation (BMC), the Maharashtra chief minister has been requested to issue stay on the regime. One of the member of parliament has asked CM Prithviraj Chavan to order a stay against the new system because under the new [...] 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 high power expert committee (HPEC) in its report to the union government has recommended that the property tax system in the country should be rationalized. Property tax should be retained as a general benefit tax, and its components such as water tax and sewerage tax should be replaced by appropriate ‘user charges’, recommended the committee. It also recommended [...] Continue Reading »
In the general body meeting, the capital value based property tax system has been cleared which was passed in the statutory standing committee. The proposal was brought for discussion under the ‘Urgent Business’ proposals and was cleared even though it was not on the agenda. Congress members staged a walkout due to the speedy passing [...] Continue Reading »
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 »
The standing committee has permitted to implement the new property tax rules for properties in Mumbai. Before, the property tax in Mumbai was calculated based on the rental value of the properties. In the new property tax system, the value will be based on the actual property value and not the rental value. In the [...] 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 »
