Page 3 - Property Tax

Six changes in tax rules that come into effect today

Today is first day of the financial year 2020-21, and with new year come new tax rules. Here are the six changes that come into effect from today

Covid-19: Tamil Nadu gives 3-month extension for payment of taxes, loans

The state also urged house owners to consider being lenient with tenants on rentals

Budget 2020: Booster likely for capital gains on property and equity

The breakthrough measure, if it materializes, will be doing away with capital gains on sale of property

NDMC proposes marginal hike in property taxes across residential colonies

The revision, if approved by the NDMC's House and Standing Committee, will earn an additional revenue of Rs 220 crore for the civic body.

In major boost for 'mom and pop' stores, UP cuts property tax by 70%

Move aimed at nurturing 'kirana' stores as modern retail expands fast

Houses up to 500sq feet exempted from property tax in Maharashtra

In another significant decision, the cabinet approved a proposal to give on ownership basis the co-operative housing societies meant for Panshet flood-affected people in Pune.

Full waiver of interest, penalty: BJP-ruled MCDs announce property tax amnesty scheme

Payment of property tax dues after February 28 till March 31 next year will get full waiver on penalty and 50 per cent rebate on interest amount The scheme was announced by the mayors of South, North and East Delhi Municipal Corporations. Payment of property tax dues after February 28 till March 31 next year will get full waiver on penalty and 50 per cent rebate on interest amount. The waiver on penalty and interest will be given on arrear amounts accumulated up to November 18. The decisions were taken by the respective standing committees of the SDMC, NDMC and EDMC and the mayors' anticipation approvals for the same have been given by them which is considered as approval by the House concerned, a municipal corporation officer said. The scheme will be applicable to all types of properties, including, residential and commercial. The waiver will be available for assesses who have not paid property tax prior to April 1, 2004 and thereafter, .