South Delhi civic body rolls back hike in tax rate for small commercial properties

The civic body in south Delhi has rolled back increase in rate of tax for small commercial property-owners for the current financial year, a move that will benefit nearly 30,000 people, officials said on Monday. The South Delhi Municipal Corporation (SDMC) in a statement said owners or occupiers of properties sized less than 150 sqm, will have to pay property tax for the financial year 2018-19 at the rate of taxes applicable in the last fiscal. Mayor Narender Chawla said property tax rates in respect of such properties have been "rolled back" to bring the rates back to the level existing in financial year 2017-18. SDMC Standing Committee Chairperson Shikha Rai said the excess amount of property tax already paid till date on this account, with respect to those properties will be adjusted during the financial year 2019-20.