Home   >>    Loan   >>    Home Loan   >>     Overview
Get Home Loan Offers
A maximum of 5 providers will compete to give you the best rates (Dec 2020)
Yes No    

Preferred Banks
  •  Any 5
  •  HDFC
  •  DHFL
  •  HSBC


I authorize the website and its partner providers like HDFC Ltd, ICICI Bank, DHFL and other banks/NBFCs to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

Need to revise property tax formula to curb tax evasion

Need to revise property tax formula to curb tax evasion

Apnaloan.com Research Bureau

17 May 2008

Currently, the rates of property tax are high in Mumbai which lead to evasion on the part of the payers. Under the present tax formula, the tax liability is linked to the rental, said to be a discriminatory practice.

The civic body in Mumbai can follow the rating system used by the Bangalore municipal Corporation wherein the ratable value is not linked to rentals. Deduction is allowed for the depreciation of the land, depending on the age of the building and the tax is levied at 25 per cent of the net value for commercial areas.

A better tax rating system will avoid evasion of paying of property tax.

Know more about home loans on www.apnapaisa.com/loan