Property Tax relief for House Owners

Q: Hi,
It seems that the Bombay High Court has granted relief to all property owners who have to pay steep property tax on the basis of a new system introduced in 2010.

Sankalp, Mumbai

14th March 2014

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Replies (2)

Hi Deepankar,
Now the property owners can now pay the property tax under the old un-amended rate with 50% differential between the old and the new rates. In a way we are only benefited as we can continue paying the same rate until the revised tax regime is applicable.

Vineet Tendulkar, Mumbai

14th March 2014

Comment

Hello,
Yes in deed it is a huge relief for thousands of Mumbaikars as now they can pay the property tax as per the old un-amended rates. The decision was taken recently by Bombay High Court.

Shantanu Kumar, Mumbai

14th March 2014

Comment

Hi,
It seems that the petitioners had challenged the new property tax regime based on capital value of the property as arbitrary and unconstitutional. Several private charitable trusts like Bombay hospital and others had also challenged the new regime since it took away exemptions granted to them earlier. The tax would be accepted by the BMC without prejudice to rights of all parties.

Deepankar Godbole, Mumbai

14th March 2014