MCD logs dip in property tax collection, taxpayers in FY24 Hindustan Times
The Municipal Corporation of Delhi (MCD) has registered a dip in property tax revenue collection as well as the number of taxpayers in 2023-24 even as the other sectors, including parking, advertisement and trade licences, recorded an uptick with the financial year culminating on Sunday, senior municipal officials said. The property tax department tentatively collected around ₹2,137 crore till March 31 with 1,258,000 tax payers filing returns, according to one of the officials cited above. Municipal data shows that the civic body collected around ₹2,417 crore from 1,329,641 taxpayers in the preceding year 2022-23. Earlier in December, the municipal commissioner’s budget proposed a collection target of ₹4,300 crore from property taxes for 2023-24
