MIM wants tax waiver for 11.5 lakh house owners in Hyderabad

Q: Hey, I am Faiz. I have heard that the MIM has recently suggested that a tax waiver should be granted to some home owners in the city, Does anyone have any details on this news?

Faizan Khan, Hyderabad

26th February 2015

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Replies (3)

The standing commitee has hinted recently that 10 lakh house owners would get relief to the extent of Rs 100 to Rs 120 crore. For 11.5 lakh properties, the revenue loss would be Rs 250 crore.

Ramya Janagam, Hyderabad

28th February 2015

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Yes, last year the previous mayor Majid Hussain set forth a resolution for waiver of property tax for those paying tax in the bracket of Rs 1 to Rs 4,000 for residential premises.

Geeta Naidu, Hyderabad

27th February 2015

Comment

hello Faiz. The MIM has asked to provide relief to 11.5 lakh poor and middle class house owners through waiver of property tax up to Rs 5,000 per annum by incorporating this proposal in the budget for 2015-16.

Siddarth Mamanthur, Hyderabad

26th February 2015

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