SME Times News Bureau | 30 Jun, 2020
In a bid to give reprieve to the property tax depositors in North Delhi,
the Municipal corporation has extended the deadline of 15 per cent
rebate till July 31.
In an office order issued by NDMC, "It is
informed to all concerned that date of deposit for property tax for the
year 20-21, the lump sum payment with 15 per cent rebate, has been
extended to July 31 for convenience of the tax payers".
MCD takes
property tax on buildings and vacant land. There are three ways of
computing taxes -- annual rental value, capital value and unit area
system.
Property taxes are the main source of revenue for
municipal authorities to maintain the basic civic services in the area
of jurisdiction, which is charged every year.
