Secunderabad Cantonment Board to collect property transfer tax directly from June 1, rate unchanged at 5%

The Secunderabad Cantonment Board (SCB) has resolved to cod Transfer of Property Tax (TPT) straight from applicants, with the revised strategy acceptable to travel into effect from June 1, according to CEO Arvind Kumar Dwivedi.

The determination was taken during a committee gathering held connected Monday, wherever officials discussed changes to the mode of postulation of TPT charges successful the cantonment area. Under the caller mechanism, each spot transfers wrong the Secunderabad Cantonment jurisdiction from June 1 onwards volition necessitate the TPT to beryllium paid straight to the Cantonment Board. Until now, the taxation was being collected done the Sub-Registrar Office astatine the clip of registration.