look news india
Amidst the Lok Sabha elections, the Municipal Corporation of Delhi (MCD) has given a big blow to the people of Delhi due to inflation. MCD has increased the property tax rates in the capital. The Municipal Corporation has increased the property tax on both residential and commercial categories of properties.
Under this increase, property tax has been increased by 12 percent for A and B category properties, by 11 percent for C to E category properties and by 7 percent for F to H category properties. Along with this, property tax on A to E category properties for commercial properties has been increased by 20 percent.
According to the information, the Municipal Corporation has decided to increase the property tax rates for the financial year 2024-25 under a proposal on April 8. The property tax department of the corporation has taken this decision in view of increasing the revenue.