💨 Abstract

The Municipal Corporation of Delhi (MCD) experienced a decline in property tax collection, accounting for about one-fourth of their internal revenue. This decrease occurred following reports of exemptions and rebates announced in February. From the date of these reports till the end of the financial year, collection dropped significantly, with a decline attributed to taxpayer confusion over new exemptions and rebates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖