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Sunday, April 29, 2007

Ahmedabad Municipal Corporation to tag property tax with education cess

The Ahmedabad Municipal Corporation (AMC) is to levy an education cess on the property tax resulting in an increase of 5%-15% on tax on residential properties and 10% to 30% on tax on commercial properties.

The cess will be applicable based on the amount of property tax paid. AMC will also send separate bills for education cess for the period 2001-02 to 2006-07.