VVIP areas spared of increase in property tax!
No Comments Sub Category:Uncategorized Posted On: Jan 14, 2012
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 plans to collect Rs 259.98 crore in the nest fiscal year as property tax.
They have also stated that this tax would be beneficial to the civic body as they will earn more revenue for the infrastructure development.
Source: The Economic Times
Tags:
Delhi, Increase in property tax, Infrastructure development, NDMC, New Delhi, New Delhi Municipal Council, Property, property tax, Property tax in Delhi, Tax, VVIP areas
