MCGM Property Tax in Mumbai The property owners in Mumbai need to pay the MCGM property tax annually. The amount of the MCGM property tax depends on various factors such as the type of property, the location of the property, the total area of the property, etc. The property owners in Mumbai are liable to […]

When you purchase a property, it is mandatory to deduct the applicable TDS as per section 194IA of the Income Tax Act.?? It is the responsibility of the buyer to deduct the TDS on property sale and file the TDS return to the government within the given time frame. This article covers complete insights on- […]

What are the Property Taxes in India In India, the property tax is applicable as per the Income Tax Act 1961. The tax is applicable while buying the property, during the ownership of the property, and when selling the property.?? Here is the general distribution of the applicable property tax in India for buying, selling, […]

The Maharashtra CM Uddhav Thackeray has announced the complete property tax waiver on residential properties upto 500 sq ft within the Mumbai municipal limits. Applicable from the 1st of April 2022, The property tax waiver will offer great relaxation to the Rs 16 Lakh property owners in Mumbai. Read on to know how it will […]

What Is Capital Gain Tax on Property In India? The profit that you get by selling the property is considered income. Therefore, you need to pay the tax on the profit or gain from selling the property. This Tax on the Capital Assets is termed Capital Gain Tax. Real estate properties come under the category […]

Stamp Duty is a one-time property tax that needs to be paid while buying a property. It is levied by the state government when a property is transferred from the seller to the buyer.?? In more technical terms, Stamp duty is a state levy imposed on the agreement document executed between the seller and the […]

There are two ways of paying the PCMC property tax. One is to visit the zonal PCMC office and pay through DD, cash, or ATM cards.?? The second option is to make payments online through PCMC???s official website.?? The online payment of the PCMC property tax makes the process simple and offers a 5% extra […]