Kolkata municipal corporation tax

Real estate promoters' trade licences will be revoked by the Kolkata Municipal Corporation. April 12, 2023: The Kolkata Municipal Corporation (KMC) has announced that real estate promoters will lose their trade licence if they fail to provide the facilities mentioned in the agreement to flat owners or if they are found guilty of duping flat owners in any way after the completion of a housing project. According to a KMC buildings official, the KMC will keep a close eye on a subset of real estate promoters, particularly those accused of failing to meet their commitments to provide necessary amenities to homebuyers. It would be difficult for property owners to apply for a water supply or a drainage line without a completion certificate. The Kolkata Civic Body will extend the property tax exemption until September. ... April 7, 2023: The Kolkata Civic Body has announced that the property tax waiver package will be extended until September 2023. For tax defaulters, a 50% waiver of the accumulated interest on property tax is offered. From October 1, 2023, the KMC will scrutinise every application and offer a 50% waiver to tax defaulters who were unable to pay their taxes due to genuine reasons. Those who claim the waiver without a legitimate reason, on the other hand, will only receive a partial waiver. Kolkata Mayor Firhad Hakim informed the KMC that "they would extend the waiver deadline until September but act tough with a section of habitual defaulters who did not take advan...