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Avail 90% waiver on property tax arrears
The New Indian Express Hyderabad
|March 08, 2025
THE Greater Hyderabad Municipal Corporation (GHMC) has announced a new one-time settlement (OTS) scheme offering a waiver of 90% of the interest on outstanding property taxes, provided the taxpayer clears the principal amount along with 10% till the end of the financial year 2024-25 in one go.
GHMC expects that the OTS will generate ₹300-₹500 crore in revenue for the financial year 2024-25, which ends on March 31, 2025.
As per the orders issued by the state government, the OTS is applicable only to GHMC limits and not to the more than 140 other urban local bodies across Telangana.
Cette histoire est tirée de l'édition March 08, 2025 de The New Indian Express Hyderabad.
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