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property tax

Property tax draws criticism from Ludhiana citizens

Property tax draws criticism from Ludhiana citizens
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 »

Punjab govt to impose tax on vacant lands

Punjab govt to impose tax on vacant lands
In order to earn additional revenue of about Rs 1000 crores, Punjab Cabinet has decided to impose property tax on vacant lands among various other measures. Along with built up buildings, vacant plots and semi-built up units have also been brought under the purview of the proposed tax. All vacant plots would attract 25 per [...] Continue Reading »

PMC recovers property tax dues from property holders

PMC recovers property tax dues from property holders
The tax department of the Pune Municipal Corporation (PMC) has launched a drive to recover property tax dues from property holders. The department collected dues worth Rs 5 crore over the last few days. In a press statement issued by the tax department, it has been stated that the department will form 10 squads to recover [...] Continue Reading »

Thane Municipal Corporation’s property tax proposal criticised by political parties

Thane Municipal Corporation’s property tax proposal criticised by political parties
Thane Municipal commissioner RA Rajeev’s proposal to shift to capital value based assessment of property tax in Thane has been criticised collectively by all the political parties. General body of the Thane Municipal Corporation, comprising of members from all political parties – Congress, NCP, BJP, Shiv Sena lashed out at the administration’s proposal to shift [...] Continue Reading »

Delhi high court rejects pleas against govt levying property tax

Delhi high court rejects pleas against govt levying property tax
The Delhi government got a boost as pleas against the government’s legislation levying property tax were rejected. Delhi government had passed a legislation empowering the corporations to levy property tax on the basis of unit area hold by the owner. Many individuals pleaded with the court to declare the Delhi Municipal Corporation (Amendment) Act, 2003, [...] Continue Reading »

BMC to send the property tax bill in September

BMC to send the property tax bill in September
The Brihanmumbai Municipal Corporation (BMC) is all set to send the final property tax bill in September. The BMC claims that it has completed the billing process and is currently working on the refunds. The civic body is in the process of computerizing the property tax collection system and is planning to use it to [...] Continue Reading »

Property defaulters are to face brunt in South Delhi

Property defaulters are to face brunt in South Delhi
South Delhi property tax defaulters are to bear brunt of Delhi Municipal Corporation. The south Delhi Municipal Corporation has geared up to crack down on defaulters who have rented their properties but have not been paying the right amount of property tax. The Corporation officials state that most of the residents are either not paying the [...] Continue Reading »

GHMC coming up with new software to calculate property tax

GHMC coming up with new software to calculate property tax
Greater Hyderabad Municipal Corporation (GHMC) is set to bring relief to the owners of properties by sparing them the ordeal of running around the municipal offices for assessment of property tax. The civic body is coming out with a new software on its website, which will enable property owners to calculate their property tax at [...] Continue Reading »

Property tax hike on commercial properties near metro lines

Property tax hike on commercial properties near metro lines
Property tax for the commercial properties located within a radius of one kilometres from a Metro line may soon see a hike, however residential properties will be spared from the hike. All five-star and three-star hotels, private hospitals and industrial areas in the city will also be brought under the same tax net. Leaders of [...] Continue Reading »

PCB increases property tax by 900%: SGS Mall

PCB increases property tax by 900%: SGS Mall
The SGS Mall has said that the Pune Cantonment Board (PCB) has made an increase of 900 per cent in the annual property tax. Subhash Gulati, CMD, SGS Mall said the mall was paying an annual property tax of Rs 19.54 lakh every year adding that in 2010 the PCB revised the property tax of the mall, increasing it [...] Continue Reading »



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