Govt Likely To Impose Property Tax From April 1

SRINAGAR: The Property Tax in the Urban Local Bodies of Jammu and Kashmir will be levied from April 1, 2023 as decision in this regard has been approved by the government.

However, what can be termed as some relief to the targeted tax payers, the Property Tax will be levied at half of the proposed formula for the same.

According to the reports appearing in th media the approval has been granted to the proposal with the direction that the proposed Property Tax, which will take effect on April 1, 2023, shall be levied at half of the proposed formula.