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Thursday 3 March 2016

Civic Authority Offers 5% Rebate On Property Tax For India Property Nagpur

Owners of property for sale in Nagpur were quite unhappy with the hike in the property tax rates. Property tax has been hiked and people are feeling the pinch as just a couple of months ago the ready recknor rates were also increased. People who own flats in Raj Nagar and flats in Vayusena Nagar are grappled with higher tax rate. Looking at this the civic authorities has come up with a proposal of rewarding the owners of India property Nagpur who are willing to pay the tax on time.

So now although property owners of property for sale in Nagpur will now have to pay more from their pockets, the civic authority has decided that it will give a small relief of 5% rebate on property tax to all the early birds. Earlier, the owners of India property Nagpur like owners of flats in Raj Nagar and flats in Vayusena Nagar used to get a 4% rebate on property tax if the owners paid their dues on time.

The chairman of standing committee Mr. Ramesh Shingare stated that taxpayers i.e. the owners of India property Nagpur will get 5 % rebate on general tax component of the property tax if the difference amount is paid by the owner of property for sale in Nagpur before March 31. The chairman stated that the reassessment of the new tax system is fairly easy and simple and citizens and owners of flats in Raj Nagar and flats in Vayusena Nagar will be able to access and re-calculate their new tax amount without any difficulty and therefore they are expected to pay without waiting for their demand notes. Property owners in real estate India are expected to pay property taxes to civic authorities. Most of the property owners in real estate India are offer some small rebate if they choose to pay their dues on time.
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