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Property Tax To Rise By 24% In Delhi

by Mary Swire, Tax-News.com, Hong Kong

16 March 2009

Property tax in Delhi, India, is set to rise by around 24% next year, according to a proposed outline issued by the Municipal Corporation of Delhi (MCD).

The tax increase has been calculated based on the Consumer Price Index (CPI) change.

It is understood that the additional revenues generated by the increase will be used to clear arrears incurred by the MCD.

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