Gauri Shinde, Pune
Q: Hi, i wanted to know who has to pay Property Tax? Which properties are accountable for Property Tax assessment?
My replies to this discussion
Hi Hamsika, Concerned Ward officer (in whose jurisdiction your property is situated) is the authority to lodge a complaint regarding property tax bill or assessment. 1) In case of non-payment of property tax for first half year 2%/month fine is payable from 1st October. In case of second half year 2%/month fine is charged starting 1st January. 2) 2%/month penalty is charged on the outstanding amount. 3) In case of non-payment of government taxes like Education Cess, Employment Guarantee Tax on due dates, notice fee at 1% is charged.Hi Hamsika, Concerned Ward officer (in whose jurisdiction your property is situated) is the authority to lodge a complaint regarding property tax bill or assessment. 1) In case of non-payment of property tax for first half year 2%/month fine is payable from 1st October. In case of second half year 2%/month fine is charged starting 1st January. 2) 2%/month penalty is charged on the outstanding amount. 3) In case of non-payment of government taxes like Education Cess, Employment Guarantee Tax on due dates, notice fee at 1% is charged.
Well Hamsika, Properties which are used for worship, public or religious purposes and registered with Charity Commissioner as charitable institute/trust can avail exemption from property tax. On payment of entire Property Tax of current year by June 30, along with outstanding dues, following rebates can be claimed (only on Municipal Tax):- 1) For Residential Properties owned and used by Freedom Fighter & Ex- Servicemen : 50% discount on Municipal Tax. 2) For Residential Properties solely owned by women and used for residential purposes : 50% discount Municipal Tax. 3) For Residential Properties specifically registered as residential building: 10% discount on Municipal Tax. 4) For Non-residential / Industrial / land etc.: 5% discount on Municipal Tax. Well Hamsika, Properties which are used for worship, public or religious purposes and registered with Charity Commissioner as charitable institute/trust can avail exemption from property tax. On payment of entire Property Tax of current year by June 30, along with outstanding dues, following rebates can be claimed (only on Municipal Tax):- 1) For Residential Properties owned and used by Freedom Fighter & Ex- Servicemen : 50% discount on Municipal Tax. 2) For Residential Properties solely owned by women and used for residential purposes : 50% discount Municipal Tax. 3) For Residential Properties specifically registered as residential building: 10% discount on Municipal Tax. 4) For Non-residential / Industrial / land etc.: 5% discount on Municipal Tax.
My replies to this discussion
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Q: Why BKC became new residential hotspot in MUmbai?
My replies to this discussion
Hi Nishant, Bandra Kurla Complex usually known as BKC, which has appeared as the financial and business centre of Mumbai, is fast growing as a luxury residential hotspot as well, with select projects coming up in the nearly 1000 acre district.Hi Nishant, Bandra Kurla Complex usually known as BKC, which has appeared as the financial and business centre of Mumbai, is fast growing as a luxury residential hotspot as well, with select projects coming up in the nearly 1000 acre district.
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