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BMC imposes 200 per cent Property Tax penalty on 3,343 illegal properties

BMC imposes 200 per cent Property Tax penalty on 3,343 illegal properties

The civic body's decision aims to generate a revenue of Rs 392.28 crores with the recovery of the penalties, the officials said

02 April,2025 09:12 PM IST | Mumbai | Sameer Surve
Maharashtra: 15 pc tax rebate for new vehicle if old one is voluntarily scrapped

Maharashtra: 15 pc tax rebate for new vehicle if old one is voluntarily scrapped

A statement from the Chief Minister's Office (CMO) said tax concession of 10 per cent will be given to transport vehicles voluntarily scrapped within eight years of registration at a Registered Vehicle Scrappage Facility (RVSF) and to non-transport vehicles voluntarily scrapped within 15 years of registration

02 April,2025 02:44 PM IST | Mumbai | mid-day online correspondent
BMC registers record-breaking property tax collection of Rs 6,378 crore

BMC registers record-breaking property tax collection of Rs 6,378 crore

In the beginning of the financial year, the BMC had set a target to collect Rs 4,950 crore as property tax. The amount was later revised to Rs 6,200 crore. In the previous financial year (2023-24), the total property tax collection amounted to just Rs 3,195 crore till March 31, 2024

01 April,2025 09:41 PM IST | Mumbai | Sameer Surve
Thane civic body collects Rs 810 crore in property tax

Thane civic body collects Rs 810 crore in property tax

The property tax collection has increased by Rs 108 crore from Rs 702 crore the civic body collected in 2023-24, the official said

01 April,2025 07:40 PM IST | Thane | mid-day online correspondent
BMC seizes properties worth Rs 21.63 crore over unpaid Property Tax

BMC seizes properties worth Rs 21.63 crore over unpaid Property Tax

The civic officials said that if the dues are not paid, the BMC will conduct an auction of these properties in Mazgaon and Mulund

11 March,2025 01:08 AM IST | Mumbai | Sameer Surve
Maharashtra govt unveils tax reforms and revenue projections in Budget 2025-26

Maharashtra govt unveils tax reforms and revenue projections in Budget 2025-26

For the financial year 2024-25, the Budget Estimate for Maharashtra’s Own Tax Revenue was initially set at Rs 3,43,040 crore, later revised to Rs 3,67,467 crore

10 March,2025 05:04 PM IST | Mumbai | Ronak Mastakar
Mumbai: BMC’s property tax collection hits three-year high at Rs 5069.77 crore

Mumbai: BMC’s property tax collection hits three-year high at Rs 5069.77 crore

Revised target of Rs 6200 crore within reach as BMC pushes for final month’s Rs 1200-crore goal; the civic body initially set a target of Rs 4950 crore, which was later revised to Rs 6200 crore

03 March,2025 07:11 AM IST | Mumbai | A Correspondent
BMC attaches 18 properties worth Rs 178.64 crore in Chandivali

BMC attaches 18 properties worth Rs 178.64 crore in Chandivali

The civic body launched strict action against the reality firm for failing to pay property taxes on its 18 properties in Chandivali, an official statement said

14 February,2025 10:23 PM IST | Mumbai | mid-day online correspondent
Raghav Chadha hits back at Sitharaman, accuses FM of personal attacks

Raghav Chadha hits back at Sitharaman, accuses FM of personal attacks

The AAP MP accused Sitharaman of attempting to "confuse" the taxpayers with technicalities

14 February,2025 06:42 PM IST | New Delhi | PTI
Budget 2025: Key Highlights from Finance Minister Nirmala Sitharaman’s speech

Budget 2025: Key Highlights from Finance Minister Nirmala Sitharaman’s speech

Finance Minister Nirmala Sitharaman presents the Union Budget 2025, highlighting reforms in taxation, agriculture, and infrastructure while focusing on inclusive development and economic growth

01 February,2025 12:55 PM IST | New Delhi | mid-day online correspondent

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