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Property tax increased by 100% in Bengaluru from April 1
short by Mohul / on Saturday, 24 February, 2024
The civic body of Bangalore is set to introduce guidance value-based property taxes from April 1, causing steep rises in tax on rented residential and commercial spaces to double or go even higher. This has sparked fears that landlords will transfer the higher tax incidence as increased rents on tenants, adding to affordability woes. Property tax will increase upto 100%.
read more at Trak.in