In order to bring uniformity in the property taxes levied in the suburbs and in south Mumbai, The Brihan Mumbai Municipal Corporation had introduced a new tax system from rateable to capital value in 2010 based on the built-up area, but was strongly opposed by all sections of the society, especially the residents of south […]
New Tax System Archive
August 26, 2015 6:00 pm
13 per cent hike in property taxes by Nagpur Municipal Corporation (NMC)
According to reports, recently, the NMC (Nagpur Municipal Corporation) has hiked the property taxes by 13 per cent for current fiscal. And it is expected that people in this region will witness the more hike in the second demand note with the time of implementation of new tax system. It was big surprise for all […]
March 27, 2015 9:00 am
All the properties below 500 sq ft will be excluded from New Tax System
In a positive move to bring relief to around 8 lakh households in the city, BMC has decided to exclude structures below 500 sq ft from the capital value based property tax system once again. They will now continue to pay property tax based on the old system of ready reackoner rates. This fresh proposal […]