1. Home
  2. Building Material
  3. Cement
  4. Pimpri-Chinchwad civic body extends tax relief scheme till 31 August
Pimpri-Chinchwad civic body extends tax relief scheme till 31 August
Cement

Pimpri-Chinchwad civic body extends tax relief scheme till 31 August

16 Aug 2021 2 Min Read CW Team
The Pimpri-Chinchwad Municipal Corporation (PCMC) has extended its property tax relief scheme for the current financial year till August 31, giving some relief to taxpayers amid the ongoing Covid-19 pandemic.

The PCMC's property tax department has urged citizens to pay tax before the increased last date to avail benefits of the relief scheme. Under the twin Town's civic body, there are 5,51,071 properties.

This involves residential as well as commercial and industrial use properties.

Property tax can be paid either in the first half of the fiscal year, from April to September, or in the second half, between October and March.

Earlier, the general tax exemption was announced for property owners who paid their bills fully in advance by June 30. Due to the Covid-19 pandemic, the concession scheme was increased till July 31.

One of the biggest income sources for the Pune civic body is property tax. Amid this ongoing pandemic, the PCMC has extended the tax relief scheme in order to provide some relief to the taxpayers. Another major income source for the PMC is revenue from building permits. The PMC has 10.81 lakh properties. The merger of 23 villages in the PMC is also going to raise the property's number in its tax ambit in the current financial year.

Image Source

Also read: Ahmedabad Municipal Corporation extends property tax deadline

Also read: Pune civic body proposal to increase property tax on approval

The Pimpri-Chinchwad Municipal Corporation (PCMC) has extended its property tax relief scheme for the current financial year till August 31, giving some relief to taxpayers amid the ongoing Covid-19 pandemic. The PCMC's property tax department has urged citizens to pay tax before the increased last date to avail benefits of the relief scheme. Under the twin Town's civic body, there are 5,51,071 properties. This involves residential as well as commercial and industrial use properties. Property tax can be paid either in the first half of the fiscal year, from April to September, or in the second half, between October and March. Earlier, the general tax exemption was announced for property owners who paid their bills fully in advance by June 30. Due to the Covid-19 pandemic, the concession scheme was increased till July 31. One of the biggest income sources for the Pune civic body is property tax. Amid this ongoing pandemic, the PCMC has extended the tax relief scheme in order to provide some relief to the taxpayers. Another major income source for the PMC is revenue from building permits. The PMC has 10.81 lakh properties. The merger of 23 villages in the PMC is also going to raise the property's number in its tax ambit in the current financial year. Image Source Also read: Ahmedabad Municipal Corporation extends property tax deadline Also read: Pune civic body proposal to increase property tax on approval

Next Story
Infrastructure Urban
27 Nov 2024

bauma Conexpo 2024 is it the largest edition, with 1,000 exhibitors

India's construction equipment industry is experiencing significant growth, fueled by rapid infrastructure development, expanding mining activities, and increasing urbanisation. bauma Conexpo India will bring together leaders, global players and decision-makers from the international trade fair for construction machinery, building material machines, mining machines and construction vehicles under one roof. The exhibition will host its biannual event at the India Expo Centre, Greater Noida  from 11 to 14 December 2024.In 2023, the exhibition attracted 41,108 participants as well as 601 exh..

Read More
Next Story
Infrastructure Urban
27 Nov 2024

Our commitment to excellence and innovation drives our success

In India's dynamic industrial landscape, Gmmco, a comprehensive solutions provider across the construction, resources and energy transportation industries, stands as a testament to innovation. As a powerhouse of the CK Birla Group with a legacy spanning over five decades, the company has evolved from a traditional equipment supplier to a full-spectrum solutions provider, prioritising technology, innovation and sustainability. Its distinctive approach includes rental solutions, used equipment options, financing support, rebuilt options and tailored product support solutions, setting new benchma..

Read More
Next Story
Infrastructure Urban
27 Nov 2024

Vedanta plans $2 billion investment in Saudi Arabia copper projects

Vedanta announced its plan to invest $2 billion in major copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned subsidiary of the company, has signed an agreement with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. The agreement outlines the establishment of a greenfield copper smelter and refinery with a capacity of 400 kilo tonnes per annum (KTPA) and a 300 KTPA copper rod project. According to the company, this collaboration aligns with Saudi Arabia's Vision 2030 and aims to invest $2 billion in significant copper projects withi..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

bauma Conexpo 2024 is it the largest edition, with 1,000 exhibitors
ECONOMY & POLICY
27 Nov 2024

bauma Conexpo 2024 is it the largest edition, with 1,000 exhibitors

Our commitment to excellence and innovation drives our success
ECONOMY & POLICY
27 Nov 2024

Our commitment to excellence and innovation drives our success

Vedanta plans $2 billion investment in Saudi Arabia copper projects
ECONOMY & POLICY
27 Nov 2024

Vedanta plans $2 billion investment in Saudi Arabia copper projects

Bengaluru approves Rs 6.94-billion plan to repair 390 km of roads
ROADS & HIGHWAYS
27 Nov 2024

Bengaluru approves Rs 6.94-billion plan to repair 390 km of roads

Rs17.50 bn Tato-I Hydro Project Approved to Boost Arunachal's Power
POWER & RENEWABLE ENERGY
27 Nov 2024

Rs17.50 bn Tato-I Hydro Project Approved to Boost Arunachal's Power

Noida Authority lodges EOW complaint against Logix Developers
Real Estate
27 Nov 2024

Noida Authority lodges EOW complaint against Logix Developers

State Street leases Brookfield office tower in Mumbai for GCC setup
ECONOMY & POLICY
27 Nov 2024

State Street leases Brookfield office tower in Mumbai for GCC setup

Odisha to Amend Real Estate Laws for Easier Sale Deed Registration
Real Estate
27 Nov 2024

Odisha to Amend Real Estate Laws for Easier Sale Deed Registration

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000