EDMC to rollback property tax hike

New Delhi: East Delhi Municipal Corporation on Thursday said it will rollback the hike in property tax rates, days after its North counterpart decided to move in the direction.

In a resolution approved during the Standing Committee meeting, the councillors agreed that increase of tax from 12 to 20 percent should be rolled back.

"The decision of North Corporation has been welcomed by all and traders of EDMC will feel cheated if we do not do the same," the resolution said.

"Since the traders have been asking for a rollback, we believe their demands should be met," it said.

Earlier this month, NDMC had declared it would rollback the hike in property tax rates of non-residential properties.

PTI