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Mumbai, March 31: A state government amendment now allows the BMC to apply the Capital Value System (CVS) from 2010, helping it recover long-pending dues. Earlier, properties taxed on plot "potential" and many hoarding companies paid only 50% tax due to ongoing court cases. With this change, the BMC can now collect the remaining dues, estimated at Rs 252 crore from these companies. Background of tax dispute As per civic data, a total of 1,696 hoardings -- both small and large, including regul ...Read More >
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