
MCD extends deadline on property tax rebate in Delhi
The Municipal Corporation of Delhi (MCD) on Friday extended the deadline for availing a 10% rebate on early property tax payments to July 31, giving taxpayers an extra month to file returns and still qualify for the incentive. MCD extends deadline on property tax rebate in Delhi
The decision, made during the MCD's standing committee meeting, comes in the wake of complaints about technical glitches on the civic body's tax portal.
Typically, the rebate is offered for lump-sum payments made in the first quarter of the financial year, with a cutoff date of June 30. However, the extension was approved after members highlighted persistent access issues, which prevented many residents from filing on time.
Under the Delhi Municipal Corporation (DMC) Act, property tax is applicable to all properties—including those in regularised and unauthorised colonies, urban villages, and even vacant plots. The rebate clause states: 'A payment of the tax due in lump-sum in one installment during the first quarter of that year (on or before 30 June) shall entitle to a rebate of 10% of the total tax amount due.'
Property tax remains a vital revenue source for the cash-strapped civic body. Last year, the MCD collected around ₹ 2,163 crore from approximately 1.3 million taxpayers—only a fraction of the actual properties in Delhi. For 2025-26, MCD has set an ambitious target of ₹ 4,000 crore, the same as last year.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hindu
2 hours ago
- The Hindu
Karnataka Cabinet to table seven bills to make Revenue Minister chairman of various authorities
The Karnataka Cabinet on Thursday decided to introduce seven Bills for bringing about amendments to existing authorities, allowing for the appointment of the Revenue Minister as the chairman of various authorities. Till now, the Chief Minister was the chairman of seven authorities. Since the Chief Minister was burdened with the State administrative work, it was decided that amendments to make the Revenue Minister as the chairman would be brought in, said Minister for Law and Parliamentary Affairs and Tourism H.K. Patil told reporters here after the Cabinet meeting. The Bills will be introduced during the Monsoon Session of the State legislature session which would commence on August 11. The Bills that would be introduced are: the Kudalasangama Development Authority (Amendment) Bill 2025; the Kaginele Development Authority (Amendment) Bill 2025; the Basava Kalyana Development Authority (Amendment) Bill 2025; the Banavasi Development Authority (Amendment) Bill 2025; the Sarvajna Development Authority (Amendment) Bill 2025; the Kittur Development Authority (Amendment) Bill 2025, and the Nadaprabhu Kempegowda Heritage Area Development Authority (Amendment) Bill 2025. Lake Bill The Cabinet decided to introduce the Karnataka Lake Conservation and Development Authority (Amendment) Bill, 2025, for allowing changes to the 2014 Act, to fix a buffer zone depending on the size of the lake and provide basic facilities to citizens. The Act was brought in 2014 to protect, conserve, reclaim, restore, regenerate, and integrate the development of lakes in Karnataka. It aimed to address the existing deficiencies in lake management by creating a dedicated authority. Centre of excellence The Cabinet has decided to establish a centre of excellence in the space tech sector with an initial investment of ₹10 crore in five years in Bengaluru. The Satellite Communication Industry Association (SIA-India) would be the implementing agency. The Cabinet approved the Local Economy Accelerator Programme (LEAP) with an investment of ₹1,000 crore in the next five years. A sum of ₹200 crore would be provided in the first year. The project comes under the IT/BT and Science and Technology Departments. The Cabinet has decided to amend the Globe Capability Centre Policy, 2024-29. 'The changes will be introduced to the policy to provide clarity related to language and clarity related to explanation,' Mr Patil said.


India Today
2 hours ago
- India Today
Why CAG is alarmed by Maharashtra's off-Budget borrowings
The Comptroller and Auditor General (CAG) has sounded an alert on the off-Budget borrowings by the Maharashtra government affecting its fiscal transparency. The statutory auditor has also pointed to the growing stress on the state's public finances.'Financing expenditures through off-Budget borrowings increases the public liabilities of the state substantially over a period of time, leading to a debt trap, without the legislature even knowing that such liabilities are being created,' said the CAG's report on Maharashtra State Finances for report, which was submitted to the state legislature during its recent monsoon session, explained that off-Budget borrowing (OBB) allows the government to meet its expenditure requirements without recording these debts in the Budget, thereby bypassing legislative borrowings are often raised through state-owned or state-controlled entities, with repayments ultimately covered by the state government's Budget. 'These borrowings, which are serviced through the state's Budget are effectively considered as the state's own liabilities under Article 293(3) of the Constitution. As outlined in the Maharashtra Fiscal Responsibility and Budget Management (MFRBM) Act and the Rules (2006, amended in 2008), the state government must provide full disclosure of its liabilities including off-Budget However, audit has observed that despite the requirement for transparency, off-Budget borrowings were not disclosed in the Budget documents,' the CAG report said. The CAG's audit noticed instances wherein the state government had resorted to off-Budget borrowing through the Maharashtra State Road Development Corporation (MSRDC) and MSRDC Tunnels Ltd. These entities had entered into an agreement with financial institutions, guaranteeing repayment through state budgetary allocations to cover the principal and interest payments.'The government of Maharashtra's increasing use of off-Budget borrowings not only affects fiscal transparency but also risks circumventing budgetary controls and legislative oversight. The state government needs to improve its fiscal accountability by ensuring that all liabilities are comprehensively reported in the annual financial statements. Furthermore, these off-Budget borrowings should be brought within the ambit of legislative control to ensure sustainable financial management,' the CAG report said, adding: 'The continuous mismatch between receipts and expenditure indicates rising fiscal stress.'State governments are increasingly turning to populism in their politics. For instance, in Maharashtra, after a drubbing in the Lok Sabha election last year, the erstwhile Eknath Shinde-led regime rolled out a gravy train of welfare schemes. The flagship scheme was the Mukhyamantri Majhi Ladki Bahin Yojana, under which over 25 million women from indigent families were given doles of Rs 1,500 per month in a replica of a similar cash benefit scheme for women in neighbouring Madhya schemes, such as stipends for apprentices, free visits to pilgrimage centres for senior citizens, and even a waiver on the toll on passenger cars levied at the five entry points to Mumbai, served as force-multipliers in the state assembly poll held later that year, which was swept by the from the ruling coalition say the Ladki Bahin scheme led to this 'silent' voter segment of women, whose financial and social autonomy is otherwise constrained, voting for them with their feet. By June this year, a scrutiny by the state government has detected that around 885,000 women had claimed more cash doles under the Ladki Bahin Yojana than they were eligible for. The state government also struck off over 2,000 government employees from the list of CAG report said that the state has different sources of revenue receipts, such as its own tax revenue, non-tax revenue, devolution of state's share in taxes, grants in-aid from the Union government and non-debt capital receipts. From 2019-20 to 2023-24, the revenue receipts increased by 52.05 per cent, from Rs 2,83,189.58 crore in 2019-20 to Rs 4,30,596.46 crore in 2023-24, at a CAGR (compound annual growth rate) of 11.04 per compared to 2022-23, during 2023-24, its own tax revenue increased by Rs 24,857.06 crore (8.96 per cent), the non-tax revenues rose by Rs 4,081.53 crore (24.33 per cent) and the state's share of Union taxes and duties increased by Rs 11,348.78 crore (18.91 per cent). However, the grants-in-aid from the Union government decreased by Rs 15,368.84 crore (29.89 per cent).The CAG noted that debt as a percentage of the Gross State Domesdatic Product (GSDP) has increased to 18.11 in 2023-24 from 17.42 in 2022-23. Additionally, there were off-Budget borrowings during 2022-23 and 2023-24. 'If the current trend is followed, the ratio of debt/GSDP would eventually rise, leading to reduced fiscal flexibility,' it to India Today Magazine- EndsTune InMust Watch


Indian Express
10 hours ago
- Indian Express
North-eastern Railway projects faced losses of over Rs 200 crore from natural disasters in 5 years: Railway Minister Vaishnaw
The Indian Railways has incurred losses worth over Rs 200 crore in the last five years due to the relentless impact of natural disasters such as floods and landslides on the projects in the Northeast. In a written response in Lok Sabha on Wednesday, Minister for Railways Ashwini Vaishnaw said that the geological weakness of the Northeast is always accounted for at the stage of design and implementation of Railway projects. These projects are being carried out by the Northeast Frontier Railway (NFR) zone of the Indian Railways. 'Due to floods, landslides etc. in the last five years, some damage to railway tracks and structures took place in Northeast Frontier Railway which was assessed to be over Rs 200 crore. Geology of the North Eastern Region is such that it is prone to landslides,' said Vaishnaw. He added that for all major Railway projects in the hilly terrain (those in Manipur, Mizoram, Arunachal Pradesh and Nagaland), detailed geo-technical investigations and environmental impact assessments are carried out before going ahead with construction. 'These studies specifically assess slope stability, rock and soil characteristics, vegetation cover and hydrological patterns. Findings of these studies are used to anticipate the risk of landslides that can result from construction activities,' said the minister. According to Railway Ministry data, as of April 1, 2025, 12 railway projects (eight new lines and four doubling), totaling 777 km in length and costing Rs 69,342 crore, have been sanctioned for the region. Out of this, 278 km of length has already been commissioned at an expenditure of Rs 41,676 crore incurred up to March 2025. While the Bairabi-Sairang line, which connects Mizoram's capital Aizawl for the first time, is set to be operational, some of the key ongoing projects in the Northeast are the Dimapur-Kohima New Line (Dhansiri-Zubza) to connect Nagaland's capital Kohima, the Murkongselek-Pasighat new line, the Sivok-Rangpo new line to connect Sikkim to the national network for the first time and the Jiribam-Imphal new line. Dheeraj Mishra is a Principal correspondent with The Indian Express, Business Bureau. He covers India's two key ministries- Ministry of Railways and Ministry of Road Transport & Highways. He frequently uses the Right to Information (RTI) Act for his stories, which have resulted in many impactful reports. ... Read More