Increase in Property Tax Rates Raises Chennai Corporation’s Revenue

Increase - Property- Tax -Rates- Raises- Chennai- Corporation’s -Revenue-TAXSCAN

Recently the Chennai Corporation finalised an action plan for the augmentation of its source of revenue following a Comptroller and Auditor General (CAG) report. As per the new plan, the Chennai Corporation has increased its source of revenue by 85.6% after taking initiatives to increase property tax collection. After increasing the property tax rates, the…

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