ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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January
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November and May
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October and May
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October and March
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Detailed explanation-1: -When is the last date for property tax payment in Pune? For the first half-year (April-September), you can pay your property tax before May 31. The other half (October-December) must be paid before December 31 to avoid penalty.
Detailed explanation-2: -Note : All property tax payments of 2022-2023 are eligible to file revised property tax returns. The revised property tax returns for 2022-2023 can be filed till 31st March 2023. Downward revision of property taxes is not allowed.
Detailed explanation-3: -Property tax needs to be paid annually, and late payment can attract a fine in the form of interest on the amount due, which can be up to 2% per month. It is also important to note that the onus of paying property tax is with the owner, and not the occupant of the property.
Detailed explanation-4: -Payment Of BBMP Property Tax Every year, the BBMP property tax must be paid. The fiscal year begins in April and finishes in March of the subsequent year. For example, if you owe property tax for the fiscal year 2022-23, you must pay it by June 30, 2022.