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Showing posts with label PMC taxes. Show all posts
Showing posts with label PMC taxes. Show all posts

Thursday, January 7, 2010

Property tax in Pune real estate market - PMC proposes 22% hike!

Happy new year, Pune property buyers!
Maharashtra Government has already given you 2 New Year Gifts.
Increased Stamp Duty.
1% registration charges.
Now, one more new year gift for you.
From PMC.
22% hike in property tax.
Lucky You!!

The Pune Municipal Corporation (PMC) is likely to turn a killjoy for property owners in the city limits as it has proposed a massive 22 per cent hike in the annual tax tariff, with an aim of raising an additional Rs 150 crore.

“The civic administration had suggested increasing the property tax last year itself. However, it was not approved. We have tabled the proposal this year,” PMC octroi chief Vilas Kanade said.

To read more, please, visit Corporators cry foul over proposed hike - Express India

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Sunday, January 4, 2009

Municipal Commissioner of Pune proposes steep hike in road, water, sewage, conservancy, fire and theater taxes

A steep hike in civic taxes, including a two-fold increase in the road and water taxes, has been proposed by municipal commissioner Pravinsinh Pardeshi in the draft taxation proposal submitted to the Pune Municipal Corporation (PMC) standing committee on Friday.

Besides road and water, sewage, conservancy, fire and theatre taxes have been proposed to be doubled.

However, the tax hike will come into effect only if it is ratified by the elected members. According to the Bombay Provincial Municipal Corporation (BPMC) Act 1949, it is obligatory on the civic general body to take a final call on a tax hike proposal on or before February 20, so that the new tax structure can be accommodated in the PMC's annual budget, which is in 2009-10.

Minimum Annual Tax - Rs 750:

Although Pardeshi has not proposed any hike in the "general tax", he has stated that properties having an annual rateable value ranging from Rs 1,000 to Rs 2,000 should be charged a "minimum annual tax" of Rs 750 instead of the existing Rs 550.

Water and Sewage Treatment Tax:

Hike has been proposed in view of the increase in the rates for chemicals, electricity charges and maintenance cost.

Road Tax:

Those owning four-wheelers will have to 10 % road tax instead of 5 %.

Roads, flyovers and cement roads will require maintenance.

Water Benefit Tax, Sewage Tax, Fire Cess, Conservancy tax and the Special Conservancy Tax:

The quantum of solid waste generated in the city is increasing, and keeping the city clean has become a major task. To meet these growing needs, a hike in water benefit tax, sewage tax, fire cess, conservancy tax and the special conservancy tax has been proposed.

Fire Cess: A 2 p.c. hike in the fire cess instead of the existing 0.7 p.c.
Conservancy Tax: 15 p.c. conservancy tax from the current 13 p.c. have been proposed.
Water Benefit Tax: A 2 p.c. hike has been proposed in the water benefit tax
Sewage Treatment Tax: 4 p.c. is proposed in sewage treatment tax.
New Education Cess: a new education cess of 2 p.c. on the ARV (annual rateable value) of the property.

A hike in theatres and multiplexes taxes has also been proposed.

A one-time tax for "rehabilitated" slums has been proposed at Rs 450 from Rs 300.

The special conservancy tax for hotels, restaurants, marriage halls and hospitals (having an ARV of more than Rs 10,000) has been proposed to be hiked to 15 p.c. from 10 p.c..
To read more, please, visit - The Times of India

Political leaders may not support tax hike:

The civic administration may have proposed a hike in municipal taxes, but political leaders are not in the mood to favour the proposal as the general elections are likely to be held in April this year. Read More..

BJP corporator Ujwal Keskar wants PMC to justify steep hike in taxes:

"The city has more than 6 lakh properties. With this hike, the civic administration will put additional burden of Rs 130 crore on citizens. The water tax hike is not justified at all as the civic administration has already burdened the common tax payer by increasing taxes in last few years," said BJP corporator Ujwal Keskar.
"PMC should not target owners of four-wheelers":
According to the proposal, those owning four-wheelers will have cough up 10 per cent as road tax, instead of 5.
"The civic administration should clarify about how it will levy road tax on owners of four-wheelers? What is the mechanism to identify families with four-wheelers?" asked Keskar, adding that the civic administration should not target owners of four-wheelers and additional road tax should be collected from those who own two-wheelers. Read More...

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