property tax
Greater Visakhapatnam Municipal Corporation is talk of the town due to bad collection of property tax and large debt this year. Apart from this, it is also facing problem in completing the projects in stipulated time under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The debt has also risen to Rs 130 crore and for [...] Continue Reading »
It came as a shocking news when Brihanmumbai Municipal Corporation (BMC) has shown interest in applying the property tax on every slum dweller staying in the city. Slum dwellers residing in the chawls, whether legal or illegal have to abide by the rule. According to a report, around 52.5% of the population in the city [...] Continue Reading »
It is a high time that the municipal corporations in Indian cities have started collecting property tax from the defaulters. Similar is the case at Indore. The Indore Municipal Corporation (IMC) has prepared a huge list of one lakh property tax evaders. These one lakh tax defaulters have kept property tax payment pending from last [...] Continue Reading »
A list made by Bruhat Bangalore Mahanagara Palike (BBMP) has a total of 558 property tax defaulters who have to pay tax of more than Rs 1 lakh. Among the list of the defaulters, some of the major IT companies are also included. Till now around Rs 1,100 crore property tax has been collected against [...] Continue Reading »
The property buyers will be relaxed to know that they do not have to shell out extra on property tax next year. Pimpri-Chinchwad Municipal Corporation (PCMC) has announced no hike in property tax in 2012-13 and it will be the same as this year. The proposal was doing rounds from November 19 and it has [...] Continue Reading »
Good deeds done in a residential colony would not get unnoticed in Hyderabad from now onwards! Recently five awards have been presented to colonies by Greater Hyderabad Municipal Corporation (GHMC) for measures like cleanliness and complete maintenance. Rs 15 lakh was awarded to each colony. The colonies to get awarded are Umanagar Residents Welfare Association [...] Continue Reading »
Recently Brihanmumbai Municipal Corporation (BMC) has asked renowned telecom service provider, Airtel to pay property tax on mobile towers which are put up on flyovers. To this Airtel has filed a case against BMC claiming the tax is illegal in all ways. The towers were set up on flyovers in April 2008 after Maharashtra State [...] Continue Reading »
Municipal Corporation of Delhi (MCD) is busy preparing and scheduling tasks for the upcoming elections in New Delhi. In this scenario, BJP ruled MCD as well as Standing Committee of MCD has rejected the plan of hiking the property tax. The budget proposals for the next financial year 2012-2013 revealed that amendments or hike in context [...] 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 »
The higher officials in Municipal Corporation of Delhi (MCD) have proposed an increase in property tax. So, property owners are ready shell out extra money from the next property tax payment. According to the budget for the year 2012 and 2013 there is proposed increase to be made for property charges and also for conservancy [...] Continue Reading »
