property tax
Brihanmumbai Municipal Corporation (BMC) has introduced new property based tax system that would hit the vacant ownership as well as self-occupied properties in the Mumbai city. This property tax exemption holds good both for owner as well as the tenants of the new buildings in both residential and commercial segments. The property tax percentage is said [...] Continue Reading »
The Bombay High Court pronounced a split verdict on an appeal with Brihanmumbai Municipal Corporation (BMC). The Civic Body under the jurisdiction of Maharashtra Rent Control Act was empowered reassess properties on the basis of steep market rents payable by individual occupants exempted under the rent law. The battle began when the civic body reassessed [...] Continue Reading »
Property owners in Pimpri Chinchwad should pay the property tax of first six months of 2011-12 till September 30 to avoid paying fine. Property tax for the remaining six months of 2011-12 should be paid till December 31 to avoid paying fine which will be charged at the rate of 2% per month from January [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) has posted the names of top 1,000 defaulters on its website. By posting the names of the defaulters on its website the corporation wants to collect at least a part of the arrears. The corporation is making all efforts to collect tax dues from major defaulters. The defaulters , including [...] Continue Reading »
The tax wing staff have been collecting property tax dues either in the form of cash or cheques from property owners and giving manual receipts. There were instances of some staff issuing fake receipts to owners by collecting the amount. Now, the Greater Hyderabad Municipal Corporation (GHMC) will collect property tax through hand-held machines in [...] Continue Reading »
The setting up of the Maharashtra Municipal Property Tax Board (MMPTB) was a condition of the 13th Finance Commission for releasing a Rs 1,100-crore grant to the state. The MMPTB will be expected to audit tax assessments by municipalities, recommend action in the event of incorrect valuation, settle property tax disputes and design procedures to [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) commissioner appealed to the people not to purchase unauthorised constructions. He said building plans would be made available at all citizen service centres soon. On footpath encroachments, commissioner said removal of encroachments would be taken up in the first week of every month for the next four to five [...] Continue Reading »
The general body of the Pimpri Chinchwad Municipal Corporation (PCMC) had made a proposal citing that citizens paying property tax before August 31 will get a deduction on tax of 10 percent.This resolution was made earlier this month and was approved this Thursday. From the next financial year (2012-13) citizens will have to pay the [...] Continue Reading »
Now one can pay property tax on quarterly basis. A lot of people are not aware about the property tax policy. They often calculate the penalty interest for the year. It is made easy by Municipal Corporation of Delhi (MCD) as the interest on it will be charged on the actual period of delay and [...] Continue Reading »
The Chakrapani Vasahat, located along the Nashik-Pune highway, is a heavily populated area where migrant workers have constructed houses on plots measuring 500 to 2,000 sq ft. Radhabai Kondiba Devkar, an 80-year-old farmer, said, “Our forefathers had agricultural land in the Bopkhel village. The defence authorities acquired it when the Ammunition Factory of Khadki was [...] Continue Reading »
