BMC mulls taxing commercial properties in slums
The Free Press Journal|May 15, 2024
Since the BrihanMumbai Municipal Corporation's secondhighest source of revenue property tax took a heavy blow last year, owing to the exemption granted to residential properties up to 500sqft and no hike in taxes for the past five years, the civic body is once again considering the possibility of taxing commercial structures in slums.
BMC mulls taxing commercial properties in slums

Accordingly, the 24 administrative wards have been directed to undertake a survey of commercial properties in slums.

Apart from the decline in civic property tax collection due to the above-mentioned reasons, the legal complexities of new methods of tax calculation have also badly affected revenue collection in 2023-'24.

この記事は The Free Press Journal の May 15, 2024 版に掲載されています。

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この記事は The Free Press Journal の May 15, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

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