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How to calculate property tax penal interest and penalties of that
09-Jul-2023 (In Property Law)
Kindly give me the due dates for payment of property tax to the BMC (mumbai suburbs) How is the penal interest calculated for late (delayed) payments and from which date. Are there any other penalties apart from the penal interest. Please give an example to understand better. how it can be ?
if you are staying in a society coming under BMC authority then you have to pay premium which is calculated as per your flat area and is the property is conveyed / sale deed executed in favour of society then in the sale deed rate of premium would have been mentioned. also after conveyance only service tax are dues with nominal interest rate.
Since it varies from place to place there is no fix rule to calculate
Since it varies from place to place there is no fix rule to calculate
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Adv. Prerna Jain
Navi Mumbai | 100+ Answers
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