Property
tax in India is not as easy to understand as someone might think. However, if
we dissect it into smaller and simpler to understand parts, it will definitely
make things a lot easier.
The
property tax rates in India have been rationalized to make them easier for
public to understand. The changes have been made to make the tax system comply
with the international property tax standards. Capital Value System (CVS) has
been introduced in Bangalore. Similarly Delhi has set up a website making tax
payments a lot easier. However, there are still a lot of misconceptions about
property tax in India that need to be cleared. The most important question that
often goes unanswered is
