Mumbai: Issuing of property tax bills still delayed
The delay has resulted in losses for the BMC, as property tax is its 2nd largest source of revenue
Source: mid-day.com
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Mumbai: At ₹5,368 Cr, BMC lags in property tax recovery race
The BMC had to revise the target of property tax collection from ₹7,000 crore to ₹4,800 crore owing to exemption for residential properties up to 500 sqft.
Source: freepressjournal.in
Mumbai: BMC denies BJP charge of trying to shield Sanjay Raut's aide Patkar
The BMC, on its part, denied the allegation of a scam of Rs100 crore in awarding contracts to Lifeline Hospital Management Services to supply personnel for two field hospitals, pointing out that it had only paid the agency Rs 33.13 crore.
Source: freepressjournal.in
Mumbai: BMC nets record property tax collection
The BrihanMumbai Municipal Corporation has collected Rs3,562 crore by way of property tax till December 31, despite giving exemption to residential properties upto 500 sq ft.
Source: freepressjournal.in
Mumbai: 2% penalty for not paying property tax after December 31
Property owners who fail to pay property tax will face a penalty of up to 2 per cent after December 31. This will be levied in line with the provisions of the Mumbai Municipal Corporation (MMC) Act 1888, Section 202. As such, a monthly penalty will be levied on the outstanding amount.
Source: freepressjournal.in