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| Name | Maharashtra Government Removes Property Tax |
| Video Uploader | Video From ISH News |
| Upload Date | This Video Uploaded At 03-01-2022 09:19:37 |
| Video Discription | Property tax is the annual amount paid by a landowner to the local government or the municipal corporation of his area. The property includes all real estate property, house, office building and the property he has rented to others. The tax amount is based on the area, construction, property size, building etc. The collected amount is mainly used for public services like repairing roads, constructing schools, buildings, and sanitation. On 1st January, Maharashtra Chief Minister Uddhav Thackeray announced that property tax on residential units of up to 500 sq ft, located only within the Mumbai municipal area limits, will be waived off. CM Thackeray said, “I am giving you all the good news on the very first day of this year. We have tried to pay off the debt of the hardworking Mumbaikars by deciding to waive off property tax for homes up to 500 square feet. We have fulfilled most of the promises made during 2017 and today another important promise has been fulfilled” The Shiv Sena had promised the waiver before the BMC elections in 2017. The party has been heading the BMC for over two decades now. The announcement comes ahead of Mumbai municipal corporation elections expected to be held next month. Over 1.6 million residential properties will benefit from the decision. The Brihanmumbai Municipal Corporation (BMC) said that this will come into force in the financial year of 2022-23. Follow us for all the latest News & Entertainment and to keep up-to date on all the happenings at ISH News: Facebook: https://www.facebook.com/ISHNews/ Twitter: https://twitter.com/ishnews_tv Instagram: https://www.instagram.com/ishnews/ Official Site: http://www.ishnews.tv/ Thanks for watching!! Favourites, Likes, Feedbacks & Shares are always appreciated. [bFb7iw3-HvA] |
| Category | News & Politics |
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