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Delhi introduces tax waiver scheme for house taxes, benefiting properties up to 500 sq yards.
The Municipal Corporation of Delhi (MCD) has introduced a house tax waiver scheme, allowing residents to clear their 2024-25 house tax dues and have previous pending taxes waived.
Properties under 100 square yards will be fully exempt, while those between 100 and 500 square yards will receive a 50% tax reduction.
Additionally, 1,300 housing societies will benefit from a 25% tax cut.
The scheme aims to ease financial pressure on residents and curb tax collection corruption.
It will be implemented at the MCD meeting on February 25, 2025.
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Delhi introduce un plan de exención de impuestos para los impuestos a la vivienda, beneficiando a propiedades de hasta 500 yardas cuadradas.