February 4, 2023

India: Demand to restart 40% discount on property tax for self occupied homes

All political parties have all around voted for a reintroduction for the 40% discount in self occupied homes which was stopped in 2019. It was discontinued to recover this discounted amount owed previously. However, it has been discovered that there is due to be no shift in property tax in the financial year of 2022 to 2023. Therefore the leader of house in PMC said that all parties have supported the reintroduction of this scheme.

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Do you believe this is fair on investors or tenants ?

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