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property tax

DDCA to pay Rs 8 crore property tax

DDCA to pay Rs 8 crore property tax
South Delhi Municipal Corporation (SDMC) is tangled in pending tax issues related to the Feroz Shah Kotla stadium. However, citing a court order against any coercive action on DDCA, SDMC has become moderate about the issue. South corporation mayor Savita Gupta told that the Delhi District Cricket Association’s (DDCA) requested the corporation to permit them [...] Continue Reading »

New BMC property tax system yet to get guidelines

New BMC property tax system yet to get guidelines
With the new property tax system in place, Brihanmumbai Municipal Corporation (BMC) is yet to frame guidelines to decide on weightages needed for calculation of the tax. For buildings with multiple-age and construction types, deciding on the weightages is one of the crucial parameters for calculation of the tax. A weightage is defined as the capital value [...] Continue Reading »

BMC plans to gift health insurance for paying property tax

BMC plans to gift health insurance for paying property tax
Brihanmumbai Municipal Corporation (BMC) has planned to give health insurance of up to Rs 3 lakh for those citizens who have paid property tax this year. A whopping property tax of Rs 2,156 crore has been collected this year, contributed by about 15 lakh owners of properties in Mumbai. According to BMC these property tax [...] Continue Reading »

House tax imposition must in urban Punjab: Governor to Mayor

House tax imposition must in urban Punjab: Governor to Mayor
Chandigarh- Residents of Chandigarh will have to start paying tax for their properties as the Mayor has been forced to impose property tax in the city. The issue of imposition of tax in urban Punjab has been a hot topic in Punjab from past few months. Punjab Governor and UT Administrator Shivraj V Patil seems [...] Continue Reading »

Properties in Ludhiana to be levied tax from Nov 2012

Properties in Ludhiana to be levied tax from Nov 2012
Ludhiana- Ludhiana Municipal Corporation is set to levy property tax on the residential properties of Ludhiana starting from November 15, 2012, as announced earlier. A formal notification had been issued on November 15, 2012 which stated that property tax would be levied from the same date onwards on all the properties. In case of commercial [...] Continue Reading »

81% of properties in Mumbai remain unaffected from property tax hike

81% of properties in Mumbai remain unaffected from property tax hike
As per data with the Brihanmumbai Municipal Corporation (BMC), around 81 % of the properties in Mumbai remain unaffected from the recent hike in property tax. With the new capital value-based property tax system in place, the citizens have been unhappy regarding the same and many plan to contest in High Court. However, 81% of [...] Continue Reading »

Mumbai residents not happy with new property tax system

Mumbai residents not happy with new property tax system
Unconvinced with the new way of calculating property tax, citizens in Mumbai are planning to move to Bombay High Court regarding the same. The new method is based on  the capital value-based system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in [...] Continue Reading »

MCG to take stringent action against tax defaulters

MCG to take stringent action against tax defaulters
Residents residing in privately developed localities such as DLF, Sushant Lok, South City, Ardee City, Sun City, Nirvana Country, Palam Vihar and in other areas should pay the house tax to the Municipal Corporation of Gurgaon at the earliest. Government is now strict about the collection of house tax within the municipal limits, a senior [...] Continue Reading »

Pune property tax can be assessed on PMC website now

Pune property tax can be assessed on PMC website now
Now, citizens in Pune can breathe a sigh of relief. With increasing complaints from citizens of not receiving property tax bills or getting them too late to avail a 10 percent tax rebate, the Pune Municipal Corporation (PMC) has introduced a tool on their website for their ease. Around six lakh properties in Pune come [...] Continue Reading »

New property tax system in Mumbai discussed by owners

New property tax system in Mumbai discussed by owners
With the new property tax system in place, the Property Owners’ Association (POA) has called for a meeting, in which they asked the BMC to reconsider the new tax system. The new capital value-based property tax system has not gone well with the owners/landlords as it does not offer any cap for buildings that got [...] Continue Reading »



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