Property Tax Rule: MCD to stop accepting cheques for property tax payment from july 1

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Delhi Property Tax: The Municipal Corporation of Delhi (MCD) has changed the rules for property tax payment. The MCD has decided to implement the new rules for tax payment from July 1.

In view of the cases of check ‘bounce’, the MCD will not accept property tax payment through check from July 1. The MCD said in a statement on Wednesday that from next month, property tax will have to be paid digitally through UPI, wallet, demand draft, pay order or any online payment medium.

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How can you pay property tax?

The body said that due to legal issues arising out of cheque bouncing, payment of property tax through this mode will be discontinued from July. The MCD has also appealed to property owners and occupants of vacant lands and buildings to pay tax for the year 2024-25 and get a discount of 10 per cent on lump sum payment before June 30.

Also Read: SEBI proposes raising limit to hold securities in basic demat account to Rs 10 lakh

Property owners can log on to the corporation’s official website to pay the tax. As per the provisions of Section 114 of the Delhi Municipal Corporation (Amendment) Act, 2003, all buildings and vacant lands under the jurisdiction of the Delhi Municipal Corporation are liable to pay property tax.

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