Archives

MCD proposes hike in property tax

January 18th, 2010 - 7:54 pm ICT by IANS ( 1 comment )

Bharatiya Janata Party New Delhi, Jan 18 (IANS) The Municipal Corporation of Delhi (MCD) Monday finalised the budget estimates for 2010-11, proposing a hike in tax on both residential and non-residential properties.
The Bharatiya Janata Party (BJP)-led agency, however, scrapped the idea of professional tax on those with an income above Rs.30,000 a month proposed by MCD Commissioner K.S. Mehra in December.

The budget estimates were finalised by MCD’s standing committee chairman Ram Kishan Singhal at a meeting Monday.

“MCD looks after nearly 95 percent area of the capital. The entire area under MCD has been divided into eight categories - A to H, wherein category A stands for the upscale and posh areas,” said a MCD official.

According to MCD, tax on residential properties in categories A and B will go up from 10 to 13 percent, in C, D and E from 10 to 12 percent, and in categories F, G and H from 6 to 7 percent.

Tax on non-residential properties in groups A and B has been increased from 10 to 15 percent, in C, D and E from 10 to 13 percent and in categories F, G and H from 10 to 12 percent.

MCD has proposed a tax of Rs.100 per cattle brought into its area.

MCD has decided to double the property tax levied on hotels of two star category and above, guest houses, banquet halls, commercial complexes, malls multiplexes, petrol pumps, fuel filling, CNG/gas filling stations, hotels with bar facilities and coaching centres training more than 50 students — all from 10 to 20 percent.

“The hike in these taxes will only come into affect after these proposals are passed by the house,” the MCD official said.

Opposition leader Jai Kishan Sharma of the Congress expressed disappointment over the budget proposals.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

One Response

  1. alok Says:

    Please give property tax rebate on solar thermal equipment like Rs 100 per square meter rebate for next 10 years for solar cooker, solar water heater, north facing double glassed window, sky lights and solar food dryers, solar still etc. Please also give property tax rebate on a good covered rain water harvester attached to a particular property. Size of this harvester should be more than tenth part of total rainfall on that property. Rebate on pakka covered rainwater harvester could be Rs 100 per 10 cubic meter harvester for next ten years. These two very simple measures will help in easing energy and water crisis of Delhi. Same formula can be applied on India level to make her happiest nation in one five year plan.
    Alok,Gwalior.

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.


RSS feed for comments on MCD proposes hike in property tax