The Economic Times 08.12.2010
MCD proposes five percent hike in house tax
NEW DELHI: Unveiling the budget for the next fiscal, Municipal Corporation of Delhi (MCD) Commissioner K.S. Mehra Wednesday proposed a five per cent increase in house tax in all categories.
The budget proposals were presented at a special meeting of the MCD Standing Committee. The MCD budget for 2010-11 had reached Rs6,346 crore.
Mehra presented the revised budget estimates for 2010-2011 and the budget estimates for 2011-2012 at the meeting.
At the end of the budget session, Standing Committee Chairman Yogendra Chandolia said: "We will take a final decision on the proposed increase in house tax only after a proper debate in the next standing committee meeting, keeping the interests of the people in mind."
In last year'S budget too, the commissioner had proposed a five percent increase in tax rates but the standing committee had revised the proposal and went in for a marginal hike instead.
The budget proposals were presented at a special meeting of the MCD Standing Committee. The MCD budget for 2010-11 had reached Rs6,346 crore.
Mehra presented the revised budget estimates for 2010-2011 and the budget estimates for 2011-2012 at the meeting.
At the end of the budget session, Standing Committee Chairman Yogendra Chandolia said: "We will take a final decision on the proposed increase in house tax only after a proper debate in the next standing committee meeting, keeping the interests of the people in mind."
In last year'S budget too, the commissioner had proposed a five percent increase in tax rates but the standing committee had revised the proposal and went in for a marginal hike instead.
