Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Ahmedabad Municipal Corporation (AMC) has extended its advance property tax rebate scheme until May 30, 2025, following a strong response from taxpayers. The scheme offers rebates of up to 15% for early payments, with additional incentives for online transactions and consistent advance taxpayers. As of late April, over 395,000 residents had contributed approximately INR 482.89 crore in advance taxes, receiving a total rebate of INR 52.78 crore. The west zone led with over 123,000 residents making advance payments totaling INR 123.66 crore.
The Ahmedabad Municipal Corporation (AMC) has extended its advance property tax rebate scheme until May 30, 2025, in response to an overwhelming public response. The scheme provides up to a 15% concession for taxpayers who settle their property tax dues for the 2025-26 financial year in advance. Advertisement
New participants in the scheme are eligible for a 12% rebate. Those opting for online payments receive an additional 1% rebate, bringing their total benefit to 13%. Property owners who have consistently paid their taxes in advance for the past three consecutive years qualify for an extra 2% rebate, resulting in a maximum 15% concession.
Between April 8 and 28, the AMC received advance property tax payments from over 395,000 residents, totaling INR 482.89 crore. Of this amount, INR 306.22 crore was collected through digital payments, while INR 176.68 crore was received via offline methods. The total rebate granted amounted to INR 52.78 crore. The west zone emerged as the highest contributor, with 103,000 residents making advance payments totaling INR 123.66 crore.
The extension of the rebate scheme reflects the AMC's commitment to encouraging timely tax payments and improving compliance among property owners.
By offering substantial rebates and additional incentives for online and consistent advance payments, the corporation aims to foster a culture of timely tax compliance. The positive response from residents indicates a growing awareness and willingness to participate in such initiatives, which ultimately contribute to the city's development and infrastructure improvements.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
