Gurgaon to have New Property Tax Segment

Gurgaon: Municipal Corporation of Gurgaon (MCG) is creating a special category for commercial and industrial establishment which will change the tax calculation for places like hospitals, cinema halls, banks, restaurants, and godowns. Officials of the tax department say this new category will help such businesses rationalize their taxes. “There....

Date:- 2013-11-14 07:40:34

Gurgaon: Municipal Corporation of Gurgaon (MCG) is creating a special category for commercial and industrial establishment which will change the tax calculation for places like hospitals, cinema halls, banks, restaurants, and godowns.



Officials of the tax department say this new category will help such businesses rationalize their taxes. “There are four main categories mentioned in the new tax notifications – domestic, commercial, industrial and institutional.



The property tax for a hospital will be calculated on the basis of beds in it. And likewise if the cinema halls are located in the malls, their tax will be different from that are not in the malls.

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