PMC Commences Property Tax Collection from Pune Metro, Aiming for Rs 20 Crore Annually
The Pune Municipal Corporation (PMC) has initiated the process of collecting property taxes from the Metro railway authority, including 18 stations, two depots, and other properties owned by the Maha Metro Rail Corporation. This move is expected to yield approximately Rs 20 crore in tax revenue for the PMC annually. The taxation is based on the annual rateable value of these properties, and PMC officials are currently in the process of assessing them before dispatching the tax bills. In the last two months, the revenue generated from tax collection has already surpassed Rs 1,300 crore, albeit with a delay of 1.5 months caused by the need to reprint tax bills due to the reintroduction of a 40% discount on self-occupied properties. Overall, around 12 lakh properties under the PMC's jurisdiction are liable to pay property taxes, with special discounts offered to those who pay their taxes before May 31 each year, and an extended deadline until August 2 was granted, with an additional two-day extension due to technical issues.
Similar News
Monsoon Deluge Exposes PMC Road Repair Failures
28 Sep 2023
Amnesty Scheme to Reduce Stamp Duty Deficit
02 Dec 2023
Historic Bhide Wada Set for Redevelopment by PMC
06 Dec 2023
PMC Approved Bus Bay on Nagar Road
12 Dec 2023
PMC Phased Approach to Repair 40 Aging Bridges
08 Jan 2024
Long Weekend से Pune-Satara Highway पर लगा लंबा!
27 Jan 2024
आखिर कब Open होगा Pune Airport का New Terminal?
06 Feb 2024
Pune Areas to Experience Water Shortage Tomorrow
07 Feb 2024
PMC demolishes 29 Hilltop Properties
09 Feb 2024
PMC under scrutiny for repeated budget inflation
03 Apr 2024
Pune Battle Against Rising Garbage-Related Fires
08 Apr 2024
IMD Warns Dry Conditions Challenge 125 Districts
19 Apr 2024
Residents Sweat Through Frequent Power Outages
28 Apr 2024
BSI to Open New Botanical Garden in Mundhwa
27 Aug 2024
