Property Tax Controversy

[ad_1] Abandoned many times in the recent past, the Jammu and Kashmir administration has started the process of imposing a property tax that is estimated to fetch Rs 150 crore and augment the resources of the urban local bodies. The move triggered a chain reaction, Khalid Bashir Gura reports WithinContinue Reading

Property Tax Lowest In JK: LG

[ad_1] SRINAGAR: Urging citizens not to fall prey to the misinformation spread on Property Tax, Lt Governor Manoj Sinha on Wednesday said that that nearly 80 percent of the population will be exempted from the tax and those who would be covered under it, would pay it at nominal rates.Continue Reading

Private Schools In JK Seek PropertyTax Waiver

[ad_1] SRINAGAR: Private Schools Association of Jammu and Kashmir (PSAJK) has urged the LG led administration to exempt educational institutes from the ambit of property tax. In a statement, the Association said that the schools have suffered a lot during the last few years and this has plunged the majorityContinue Reading

40 Percent Of J&K Population To Pay No Tax: LG

[ad_1] SRINAGAR: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday said that 40 percent of the J&K population will have to pay no property tax and the remaining 60 per cent have to pay nominal amount between Rs 600 to Rs 1000 maximum amount per annum. He said thatContinue Reading

PDP Protests Against Property Tax Imposition

[ad_1] SRINAGAR: The People’s Democratic Party (PDP) on Saturday staged a protest march calling for the reversal of the Jammu and Kashmir administration’s decision to impose property tax in the Union Territory starting on April 1. The new tax rates will be 5% for residential properties and 6% for commercialContinue Reading

Property Tax To Improve Financial Self-Sustainability Of Cities And Improvement Of Public Amenities: LG

[ad_1] SRINAGAR: Lieutenant Governor Manoj Sinha said citizens’ welfare is foremost priority of the government and property tax will ensure financial self-sustainability of cities and improvement of public amenities in the Union Territory. In a statement LG Manoj Sinha said that our cities must witness rapid development and emerge asContinue Reading