Mumbai Property Tax
Mumbai Property Owners to Pay Taxes as per Old System
The Bombay High Court recently intervened in the new tax regime and allowed property owners in Mumbai to pay taxes as per old rates along with a 25% differential between the proposed and the old system until a final decision is made. This has come as an interim relief for property owners in Mumbai. The […]
Property Tax Guide: Mumbai
The property taxes in Mumbai were earlier based on the Rateable Value System. However, the Brihanmumbai Municipal Corporation (BMC) now follows the Capital Value-Based Property Assessment and Tax Calculation System. Unlike other cities, the property tax in Mumbai depends on the market value of the property. Service charges are levied as a percentage of property […]
