property tax
According to the revision of property tax, VVIP areas are spared of the new of the same. As per the New Delhi Municipal Council‘s (NDMC) budget, apart from having no new developments, VVIP areas are spared to pay any extra property tax. The civic body alleges that there is no increase in property tax and [...] Continue Reading »
Realty experts are wondering as to how all the luxury segments across India are being maintained? Midst all the concerns like; interest rate hike, property prices hitting sky high and property tax amount increasing. This is not at all a right time to invest or sell a property. The high inflation has been a major [...] Continue Reading »
Soon, the residential spaces will be imposed with property tax in Chandigarh. After the city municipal elections, UT administration has given direction to the municipal corporation on the imposition of the same. Earlier itself, the civic body was told to implement the property tax structure. However, it was not implemented as the city polls were [...] Continue Reading »
Salt lake residents have a reason to make merry! The residents were earlier worried over Kolkata Municipal Corporation (KMC) of not providing the property tax waiver scheme for the ward. However, the state government has been working on the scheme and very soon will be launched for the Bidhannagar Municipality. The scheme has not been [...] Continue Reading »
Now, properties in Bangalore will be identified by their new property ID. Bruhat Bangalore Mahanagara Palike (BBMP) is soon going to launch the new Property Identification Number (PID) by mid of February 2012. This came into being after the old numbers resulted in ineffective mechanisms of revenue collection. The civic body will operate by collecting [...] Continue Reading »
The property tax defaulters are getting sharper day by day! Bruhat Bangalore Mahanagara Palike (BBMP) which is already deprived of finance is being cheated by the tax defaulters. The civic body had so much debt on it because of less property tax paid and had to meet a revenue target. However, on its tax collection [...] Continue Reading »
A sign of relief for property tax payers within a month. Kolkata Municipal Corporation (KMC) has finalised the much awaited property tax waiver scheme to be on February 1, 2012. The civic body has worked day and night to prepare the list of big tax defaulters of the city. A target of around Rs 500 [...] Continue Reading »
A ray of hope for residents residing in old flats in South Mumbai. The much hyped capital value-based property tax system which was about to get launched is stalled for time being. The state civic administration who had proposed of the tax system has decided to table it later few months. As the upcoming polls [...] Continue Reading »
From past five years the citizens of Mumbai have paid Rs 46,072 crore as tax amount to Brihanmumbai Mumnicipal Corporation (BMC). Now the citizens and opposition political parties want to have a clear picture about where BMC has spent such a big amount. The pathetic infrastructure at several areas in Mumbai provoked the citizens to [...] Continue Reading »
Indore Municipal Corporation (IMC) is all geared up to collect more property tax than last financial year! As against last years’s Rs 172 crore collection, the civic body is expecting a whopping Rs 250 crore as tax this fiscal year. It has managed to collect around Rs 150 crore this year against last year’s Rs [...] Continue Reading »
