MCD launched uniform property tax charges; will probably be efficient from sixteenth July




The Municipal Company of Delhi (MCD) has launched new charges of property tax to carry uniformity in charges after the amalgamation of municipal our bodies within the nationwide capital.

The brand new charges of wealth tax will probably be relevant from July 16 and no further surcharge will probably be levied on taxpayers who’ve already paid their taxes, supplied they haven’t underestimated the taxes payable.

Together with this, directions have been issued to all of the Regional Wealth Tax Officers to organize on-line database of all of the properties coming beneath the purview of tax cost on the earliest in order that the income of the company could be elevated.

MCDs have additionally prescribed totally different utility multipliers for several types of property. 4 for leisure and membership, for banquet corridor, ‘baraat ghar’ (six), (one) for varsity, faculty, medical faculty, engineering faculty or aided by authorities or native physique, unaided and personal instructional establishments (three), for non-residential properties (two), for enterprise and industrial use, and three for industrial use.

The civic physique has determined to levy property tax on the charge of 12 % for A and B class residential colonies, 11 % for C, D, E class residential colonies, 7 % for E, F, G class residential colonies.

On the similar time, for non-residential properties as much as 1500 sq. toes, the speed of property tax has been mounted at 20 % for A, B, C, D, E class and 15 % for E, L, F, G.

Property tax at a uniform charge of 20 per cent has been prescribed on non-residential properties of greater than 1500 sq. toes.

Property tax on industrial properties has been mounted at a uniform charge of 15 per cent.

Property tax will probably be payable on the charge of 20 per cent for land coated for airports and hooked up properties, and 15 per cent on land past open areas resembling runways, taxiways, parking tons for plane, and on the charge of 10 per cent. charge will probably be payable. He.

In the meantime, property tax on residential and non-residential farmhouses will probably be payable on the charge of 20 per cent. Along with the above charges, 1% schooling cess may also be payable.

–IANS

MSK/SHS

(Solely the title and picture of this report might have been reworked by Enterprise Customary employees; the remainder of the content material is generated mechanically from a syndicated feed.)

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