Ghaziabad Municipal Corporation extends 20% property tax rebate to September 30, affecting 5.5 lakh taxpayers amid ongoing tax hike protests and revenue collection goals.
Bhubaneswar Municipal Corporation launches drive urging property owners and developers to transfer internal roads to civic body for better infrastructure management and urban development.
Zirakpur emerges as leading property tax collector in Mohali district with Rs 15.47 crore, followed by Kharar's Rs 4.26 crore under extended OTS scheme.
Ludhiana Municipal Corporation extends property tax settlement deadline multiple times, allowing defaulters to clear outstanding dues without penalties. Scheme has generated significant revenue.
The real estate sector expresses concern over proposed elimination of long-term capital gains indexation benefits, seeing it as a potential hindrance to expansion and increased tax burdens.
Tenant verification in Ghaziabad is now vital for property owners. It helps prevent illegal activities, ensures property safety, and verifies tenant identities via online and offline procedures.
BBMP may extend the 5% property tax rebate until the end of June. The BBMP Council will decide in the next two days. This follows taxpayer confusion over new tax zones.
New norms are drafted by the stamp duty and registration department to reduce the increasing property transaction frauds. Individuals authentication and birthmarks declaration are added.
The Mumbai property association is challenging the revised property tax calculation method, seeking a fair resolution that considers property owners' financial capacity.