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Pune Cantonment Board hikes Property Tax

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It is reported by the sources to the www.propertykhazana.com that the Pune Cantonment Board has hiked the tax for all residential and commercial buildings under the PCB limits. The need for tax revise is to generate the board income with about 10-15% in the current financial year.
Earlier the property tax was revised in the year 2003 and the PCB has brought the proposal for the proper implementation and to provide the best service to the citizens. Adding at the www.propertykhazana.com S.K Sardana said that the tax hike is not only to generate the additional revenue but in return to serve the Pune residents with best services. So by the present revise in the tax the residential properties will be imposed with 10% and Commercial properties to bear about 20% Further the PCB authorities said that the Tax hike will be from the immediate effect and there shall be no revise for another 3 years, i.e. up to 31st March 2008. It is further said by the sources that the PCB was successful in collecting about Rs. 4.8 Crores in the current financial year and the authority is on target to add up another Rs. 30 Lakhs in addition by the next financial year end.
Source: NIMMA BENGALURU

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