India, July 17 -- The civic administration has delivered on its resolve to bring commercial establishments in slums into the property tax net - collecting Rs.268.77crore in its first assessment and collection drive of such properties across Mumbai.
After a survey conducted earlier this year, the Brihanmumbai Municipal Corporation (BMC) had listed 17,219 structures for payment of the tax. These establishments include shops, warehouses, eateries, small-scale workshops, factories etc.
The maximum recovery is from the western suburbs, Rs. Rs.253.84 crore, followed by the island city at Rs.12.69 crore, and the eastern suburbs at Rs.2.24 crore.
Overall, the total property tax due across Mumbai was Rs.473.42crore - well over the BMC's project...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.